In June 2025, the LED industry will usher in a new wave of industrial upgrading driven by the dual engines of “technological breakthroughs and capacity cluster relocation to the west”.
1、 Major projects and capacity layout
Zhouming Technology Nanchang Micro/Mini LED Base Landing
The wholly-owned subsidiary “Nanchang Zhouming Optoelectronic Technology” has completed registration (with a registered capital of 50 million yuan), invested 600 million yuan to build a production base, focusing on COB and MiP packaging technology, with the goal of supporting the commercial use of P0.4 ultra fine pitch products, and plans to build the third largest MLED manufacturing hub within 6 months.
Shengtian Microelectronics Zhongshan Mini LED Project takes off the ground
On May 30th, the delisting of 20 acres of land in Zhongshan was completed, with an investment of 500 million yuan to build a research and development center and intelligent manufacturing base, focusing on the layout of car Mini LED backlight and car grade ADB modules.
Dehao Runda Bengbu Automotive LED Packaging Project
Invest 50 million yuan (initial 30 million yuan) to build an automotive LED packaging production line, expected to start production in December 2025, with an annual sales revenue target of 70 million yuan.
Huike full-color M-LED chip base signs contract
Signed a contract with Shunqing District, Sichuan Province for an investment of 10 billion yuan, with a designed monthly production capacity of 1 million pieces and a first phase production capacity of 150000 pieces, to produce new full-color display chips.
2、 Technological breakthroughs and standard setting
Delivery of massive transfer equipment
Maiwei Co., Ltd. delivered a complete solution for Micro LED MIP transfer section on June 17th, covering laser peeling and precision cutting processes.
Xinyi Huazhi: Delivered the first Micro LED laser mass transfer device with a transfer accuracy of 1.5 μ m.
Breakthrough in Nanoscale LED Technology
A team from Zhejiang University has developed a 90 nanometer pixel size perovskite LED, setting a global record for the smallest size and solving the problem of efficiency drop in traditional Micro LEDs at<10 microns.
3、 Capital dynamics and corporate cooperation
Cross border acquisition and financing
Dongshan Precision plans to acquire optical communication manufacturer Sols Optoelectronics for 5.935 billion yuan to expand its optical module business.
Dehu Coating: Obtained tens of millions of yuan in financing and laid out Mini/Micro LED coating equipment.
Shareholder increase in holdings and corporate confidence
Hongli Zhihui: The controlling shareholder plans to increase its stake by 25-50 million yuan.
Foshan Lighting: Shareholder Electronics Group completed a 72 million yuan increase in holdings, with a 0.74% increase in shareholding ratio.
Deepening strategic cooperation
BARCO x Zhouming Technology: Signed an agreement with InfoComm USA to jointly develop optical display technology and expand global markets.
Alfalite x wTVision: Provides integrated LED and content management system solutions for the broadcasting industry.
4、 New Product Release and Application Innovation
Foldable and integrated LED screen
Philips: launches 135 inch foldable LED screen “Unite LED 6000 Series”, using COB technology and 1.5mm pixel pitch.
Optoma: Released 135 inch integrated LED screen “Prosene FHDC135”, with a brightness of 700 nits and support for wireless split screen.
Automotive and Consumer Electronics
Audi Q3: First release of Micro LED headlights, with a single lamp integrated with 25600 Micro LED beads, improving lighting accuracy and energy efficiency.
Huawei Smart Screen S6: Equipped with 4K 266Hz Mini LED backlight, peak brightness of 1000 nits.
Outdoor display technology
Abbison: Built a 1072 square meter outdoor naked eye 3D screen at Tianyi Square in Ningbo, integrating 16.7 million pixels and low-carbon energy-saving technology.
Summary of integration points and trends
1. Competitive landscape of technological routes
COB and MiP are in parallel: COB production capacity is expected to reach 80000 square meters per month by 2025 (with a 100% year-on-year increase in output value), MiP production capacity will reach 5000-7000kk per month, and may exceed 20000kk per month by 2026.
The rise of glass substrates: BOE and WoGe Optoelectronics focus on glass based Mini LED backlight modules, aiming to replace traditional PCB substrates.
2. Cost and supply chain challenges
The price of aluminum substrates may increase by 8-10% due to production restrictions on electrolytic aluminum. Enterprises are accelerating the transfer of production capacity to the central and western regions (such as Zhouming Nanchang and Huike Nanchong), reducing logistics costs by 20-30%.
3. Emerging application scenarios erupt
In car display: Audi Micro LED headlights and Shengtian Microelectronics in car Mini LED project promote the implementation of automotive grade technology.
Virtual production: Sony CAPRI series LED screens and Nova Nebula XR display control solutions accelerate the industrialization of film and television.
