The Mini LED industry is rapidly evolving as the production chain matures and cost challenges are addressed. Recently, AMTC, Konka, and WG Tech provided significant updates on their progress with Mini LED technology. Here are the details:
WG Tech’s Mini LED Substrate Project
On August 2, WG Tech shared an update on the progress of its Mini LED substrate project. The project involves a total planned investment of approximately $195 million, which includes the construction of about 60,000 square meters of new factory space to be executed in two phases. The project began in September 2022, and by February of this year, both the first and second phases of the main structure were completed and capped. As of now, the first phase has finished decoration, and equipment procurement and debugging are nearing completion. The technical team is in place, and trial production is expected to start this year.
The project’s completion marks a major milestone, signaling that large-scale production of glass-based Mini/Micro LED substrates is imminent, providing significant momentum for WG Tech’s operations. Once operational, the project is expected to achieve an annual output of 5 million square meters of glass-based Mini/Micro LED capacity. These substrates will be used in various applications, including automotive displays, monitors, TVs, notebook pads, and smaller devices such as AR and VR gadgets.
AMTC’s Advances in Mini LED Production
On August 3, AMTC announced on an interactive platform that it has invested in building an LED chip research, development, and production base in Nanchang. Leveraging the group’s extensive data systems, fully automated production equipment, the industry’s largest single building, and a comprehensive process layout, AMTC has achieved fully intelligent production capabilities. Currently, AMTC has developed the capacity to research and produce Mini LED chips and is also making technological advancements and patent reserves in the Micro LED field.
Konka’s Plans for Scaling Mini LED Production
On the same day, Konka revealed on an interactive platform that it is working on expanding its Mini LED sales, aiming to achieve mass shipments of Mini LED chips and commercial display products by the end of 2023. Konka is transitioning from “Konka Electronics” to “Konka Technology,” underscoring its shift in focus. The company has invested around three years in researching and developing MLED technology.
Mini LED chips are already in mass production, consistently supplying internal customers, and Konka has secured long-term supply agreements with external clients. Additionally, Micro LED chips, integrated with transfer technologies, have successfully produced samples through cooperative projects with industry partners. Konka’s Mini direct display products are now being supplied to strategic customers and are suitable for various scenarios, including outdoor displays, exhibitions, and cinemas. Meanwhile, Mini backlight products are mainly used in Konka’s televisions, with plans to expand into the automotive sector in the next phase.
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