Launch of Zhuzhou LP Display Technology Industrial Park
On March 11, the Zhuzhou LP Display Technology Industrial Park, funded and developed by LP Display’s subsidiary, Hunan Lan Jing Technology Co., Ltd., officially commenced operations. This new facility marks a significant milestone in advancing Micro LED technology and production capabilities.
Overview of the Project Phases and Production Goals
The Zhuzhou LP Display Technology Industrial Park represents a total investment of approximately $137 million USD, covering an area of 45 acres with a newly constructed building space of over 60,000 square meters. The project will be executed in three phases:
- Phase One: Starting production this year, aims to achieve an annual output of 50,000 square meters of Micro LED COB display panels, with an estimated output value of $110 million USD.
- Phase Two: Scheduled to begin in January 2025, plans to increase the annual output to 100,000 square meters of Micro LED COB display panels, with an anticipated output value of $206 million USD.
- Phase Three: Expected to commence in July 2025, targeting an annual output of 150,000 square meters of Micro LED COB display panels, projecting an output value of $275 million USD.
These products are primarily designed for large commercial displays, big data monitoring centers, smart conference centers, and smart terminal displays.
Role of Zhuzhou Park as a Key Manufacturing Base
As a critical manufacturing base for LP Display’s headquarters in Shenzhen, the Zhuzhou LP Display Technology Industrial Park features fully automated modern production lines. Upon completion, LP Display plans to relocate its production facilities from Shenzhen and Dongguan to Zhuzhou, effectively transferring its headquarters to the new site.
LP Display’s Technological Advancements
Since its founding in December 2012, LP Display has focused on developing high-definition LED small-pitch display products using SMD, TOPCOB, full flip-chip Micro COB, and full flip-chip MiP technologies.
In March 2021, LP Display introduced its Micro full flip-chip common-cathode COB products featuring spatial pixel technology. This innovation leverages patented spatial pixel imaging technology to rearrange 27 light-emitting diodes into 81 pixel groups, reducing the pixel pitch to 0.52 mm.
Applications in xR Virtual Shooting and Business Expansion
LP Display has made significant strides in xR virtual shooting technology, launching related applications. In June 2022, its xR stage enabled a prominent Chinese university to create “the nation’s first xR technology cloud graduation ceremony.”
For business expansion, LP Display has set up regional operation centers in major cities like Shenzhen, Beijing, Shanghai, Hangzhou, Chengdu, Xi’an, and Wuhan, with its operations extending to over 120 countries and regions worldwide.
Enhancing Competitiveness in Micro LED Display Technology
The completion and operation of the Zhuzhou industrial park are set to provide LP Display with a more comprehensive research, production, and assembly base, further boosting its competitiveness in the Micro LED display technology sector.
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