In May this year, Micro LED manufacturer Nitron Technology passed a board of directors resolution and plans to spend no more than US$19 million (approximately RMB 136 million) to establish a wholly-owned subsidiary in mainland China to strengthen the existing advantages in Taiwan and actively explore the mainland Chinese market.
On July 22, Nitron held a signing ceremony in Kunshan Development Zone, announcing that its mainland Chinese subsidiary would officially settle in Kunshan, Jiangsu. The subsidiary will focus on the manufacturing and sales of Micro LED panel components and modules, improving supply chain efficiency and localized service capabilities in the Chinese mainland market.
Nichuang stated that settling in Kunshan is an important step in Nichuang’s operation territory. In the future, Nitron will focus on technological innovation and industrial collaboration, accelerate the large-scale application of Micro LED, and work with partners to expand more possibilities in display technology.
According to data, Nitron was established as early as 2014 and was listed on the Taiwan Innovation Board in August 2022, becoming the world's first listed Micro LED company. Nitron has a variety of Micro LED manufacturing technologies, including independently developed Micro LED epitaxial wafer processes, mass transfer, SMAR·Tech repairComplex and other manufacturing technologies.
Based on different driving solutions, Nichuang has created Micro LED technologies such as PixeLED Display, PixeLED Matrix module, and μ-PixeLED, which can be applied to AR/VR microdisplays, vehicle displays, wearable devices, transparent displays, flexible displays, and LED displays. At present, Nitron's Micro LED technology has been used by well-known technology manufacturers such as Samsung.
Although Micro LED technology is still in the early stages of commercialization, as a company focused on the development of Micro LED business, its performance is gradually improving.
In the third quarter of 2024, Nitron achieved its first profit since its listing. Looking forward to 2025, Nitron expects that as Micro LED technology is increasingly adopted in the fields of electric vehicle smart cockpits, TV and AR and VR, the company is expected to maintain profit growth.
This means that Nitron is continuing to achieve results in Micro LED cost control, yield improvement and market expansion. With the Kunshan subsidiary put into operation in the future, Nichuang's performance is expected to further improve.
ANNA