On November 7, the Nanchang base of Jiangxi Zhaochi Crystal Display Co., Ltd. (hereinafter referred to as Nanchang Crystal Display), located in Nanchang High-tech Zone, officially cut the ribbon and went into production. Nanchang Jingxian is mainly engaged in the production and research and development of Mini/MicroLED (MLED) new generation display products. Once put into production, it will greatly increase the production capacity of Zhaochi Co., Ltd. (hereinafter referred to as Zhaochi)'s MLED display products and consolidate Zhaochi's position in the semiconductor display field. Market leader position.
On the same day, at the 2022 major project centralized commissioning ceremony held in Nanchang High-tech Zone, a number of projects including Zhaochi Nanchang Crystal Display, Huaqin Industrial Base, and China Micro Semiconductor Equipment R&D and Production Base were announced to be officially put into production. In recent years, Nanchang High-tech Zone has increased its efforts to attract high-quality high-tech enterprises to settle in, comprehensively benchmarking against domestic first-class high-tech zones, and creating a world-class industrial cluster base.
It is reported that Zhaochi Nanchang Crystal Display Base has put into production more than 600 high-performance lines for the first time, with an investment of more than 1.5 billion yuan in the first phase, and will invest more than 1.5 billion yuan in the third quarter of next year. It is expected that Achieving sales of over 10 billion within three years, with the goal of becoming the world's leading display industry leader and leading a new direction in the development of the display field.
Currently, global LED display technology is trending towards high density, extending from small-pitch LED displays to MLEDs. According to third-party agency forecasts, the global MLED market will have an average annual compound growth rate of 149 from 2022 to 2025. With breakthroughs in transfer technology, technological advances in chip miniaturization, and further reductions in costs brought about by large-scale production, the global MLED market potential is expected to exceed one trillion levels.
Zhaochi Co., Ltd. proactively laid out the MLED field in 2020. In the process of achieving mass production, Zhaochi has improved and reconstructed a number of production processes and equipment. In the field of new generation display technology It has obtained dozens of patents, including three international patents, and has reached the international advanced level in mass transfer technology. Its pass-through rate and yield rate are at the forefront of the industry, and its products have won unanimous praise from major well-known customers in the industry.
Due to the strong scalability of MLED technology in display applications and its superior display effects, it can be widely used in data monitoring, large commercial displays, XR photography, theaters, and even high-end home entertainment terminals, etc. The market prospects are attracting more and more industry attention. It is reported that Nanchang Jingxian will establish a special engineering experiment center for MLED technology research and development and process innovation, continuously optimize MicroLED technology, and lay out AR/VR products and micro-display products.
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