Visionox XR project purchases 2 display devices

On May 26, Binet disclosed the winning bid results of Suzhou Guoxian Innovation Technology Co., Ltd. (hereinafter referred to as "Suzhou Guoxian") for the "new display technology development project with an annual output of 1.5 million XR products": Korean company Wonik IPS won the bid for a dry etching machine, and Japanese company SCREEN Finetech Solutions won the bid for a glue-coating developer. The specific equipment quantity and contract amount were not disclosed.

Suzhou Guoxian is a joint venture established by Visionox (50.1% stake) and Kunshan Weixin United Investment Co., Ltd. (49.9% stake). Its core business is the production of XR display modules and high-end automotive displays based on flexible OLED technology.

According to previous reports, the company plans to invest 4 billion yuan to build a project with an annual output of 1.5 million XR products in the Kunshan Development Zone. At present, the equipment bidding process has been launched for this project, and many equipment companies have won the bids.

Since XR devices need to be worn near the eyes, their pixel density requirements are much higher than ordinary smartphones. At the same time, it also requires finer circuit line width, which means that the technical level of the equipment determines the quality of the panel.

Dry etching machines, evaporation machines and developing machines are the core equipment of the front-end process. They determine the resolution, yield and performance stability of XR display panels. Among them, dry etching machines use plasma to accurately remove excess material on the substrate to form circuit patterns. Since even slight deviations in etching uniformity can lead to defects, equipment technology is critical, especially for high-resolution panels.

Wonik IPS began mass production of dry etching machines for liquid crystal display (LCD) thin film transistor (TFT) processes in 2007, and entered the OLED market in 2012.

In the first quarter of 2026, Wonik IPS revenue was 164.9 billion won, a year-on-year increase of 32.8%. Operating profit turned from a loss of 7.4 billion won in the same period last year to a profit of 10.7 billion won. The order backlog in the first quarter was 400.3 billion won.