Nitron sees strong demand for MicroLED and its operations are expected to continue to grow this year

Nitron Technology held a press conference. Lin Ziyang, general manager of its subsidiary Nitron Display Technology, said that the demand for Micro LED is still strong. He also echoed the prediction of AUO Chairman Peng Shuanglang that the prices of Micro LED and OLED will reach a golden cross between 2029 and 2030.

Technically, the difference between Micro LED and Mini LED lies in the size of the chip, as well as the process of peeling off the chip from the substrate to Chip on Carrier. In particular, the difficulty in peeling off the chip from the substrate is the yield rate. Currently, Nitron is still learning about the products that have the strength to put them on the market.

Lin Ziyang believes that it can be stably delivered to the client for reliability testing and listing, and the normal verification process will take at least one to two years. In order to maintain its leading edge, this year a total of NT$2.774 billion was raised through cash increase and CB. He hopes that some of it will be invested in more advanced equipment, which will continue to maintain the technological gap.

Lin Ziyang said that LCD has a price advantage among various display technologies, and OLED is also very competitive in the sub-90-inch category. The innovative high-voltage, low-current Micro LED design can increase the brightness by 80% to 100% and save 40% of power. Without changing the panel design, the performance and lifespan can surpass OLED. He believes that Micro LED and OLED prices are expected to converge between 2029 and 2030, further echoing the views of AUO Chairman Peng Shuanglang.

Nitron's revenue in the first quarter increased by 45.7% year-on-year. However, due to the huge volume of transfer equipment revenue that began to be recognized in the last quarter, which increased the comparison base period, the first quarter revenue showed a quarterly decrease. Looking forward to this year, the demand for Micro LED is still strong, and Nitron's operations are expected to continue to grow this year and continue last year's profitability.

Nichuang's revenue tends to be diversified. In the fourth quarter of last year, it began to include the development and sales of large-volume transfer equipment, and the existing Turnkey solution engineering construction services, technical services, and COC are the main revenue sources.