Mini LED backlight technology has become the new focus of the display industry
Mini LED, as a transitional technology between LCD and OLED, has received widespread attention in the display field in recent years. Compared with traditional LCD backlight technology, Mini LED backlight technology achieves finer zoning control by reducing the size of the LED chip to 100-200 microns, significantly improving display contrast and brightness performance. In the high-end TV, tablet and notebook computer markets, Mini LED backlight technology has shown strong market potential.
Apple has begun to use Mini LED backlight technology in products such as iPad Pro and MacBook Pro since 2021, driving the entire industry's attention to this technology. Market research institutions predict that the Mini LED backlight module market will maintain an average annual growth rate of more than 20% in the next few years, and the global market size is expected to exceed 30 billion yuan by 2026.
As one of the important basic materials for Mini LED display products, glass substrate has better thermal stability and optical performance than traditional PCB substrates, which can further improve the Mini LED backlight display effect, so it has huge application potential in high-end display products.
It is for this reason that Vogel Optoelectronics invested heavily in glass-based Mini this time The LED display backlight module project is targeting the broad application prospects of this technology in the field of consumer electronics in the future.
Technological upgrades help extend the Vogel Optoelectronics industry chain
As a leading domestic touch display integrated solution provider, Vogel Optoelectronics has long been focused on the field of photovoltaic glass. This investment in the Mini LED backlight module project marks the company's further expansion and upgrade in the field of display technology.
Vogel Optoelectronics stated that this fundraising project "glass-based MiniLED display backlight module project""Project" is the company's key promotion project in the field of glass-based MiniLED. After reaching production, it will achieve an annual production capacity of 6.05 million glass-based MiniLED display backlight modules.
This will not only help the company enrich its product structure, but also significantly enhance the company's competitiveness in the high-end display field. It is understood that the glass-based Mini LED backlight module has strong synergy with the company's existing optoelectronic glass business and can share part of the production process and customer resources. From the perspective of the industrial chain, this investment will enable Wogo Optoelectronics to extend from single glass substrate processing downstream to module assembly, gradually forming a vertical integration capability of "glass substrate processing-backlight module-display module". This industrial chain extension strategy is expected to increase the added value of the company's products, enhance the depth of cooperation with downstream brand manufacturers, while reducing reliance on a single business and improving the company's overall risk resistance.
Optimizing the capital structure lays the foundation for the long-term development of the enterprise
In this fundraising, in addition to 1.06 billion yuan for Mini LED project construction, Vogel Optoelectronics also plans to use 440 million yuan to supplement working capital and repay bank loans.
It is worth noting that the optoelectronic display industry is a capital-intensive and technology-intensive industry, and sufficient financial support is crucial for corporate R&D investment and market expansion.
The latest research report from Caixin Securities stated: "The glass-based business in the field of Vogel optoelectronic display has made steady progress in both backlight and direct display. First, Mini LED backlight. The application of the company's glass-based circuit board in Mini LED backlight was first implemented in the Dasheng G9 e-sports monitor released by Hisense, entering the formal mass production and commercial application stage. In the TV field, the company has cooperated with well-known domestic brands to develop and apply glass-based Mini LED backlight technology. The glass-based circuit board has been used in Mini LED backlight.LED backlight applications are expected to usher in an industry turning point. Secondly, the glass-based TGV multi-layer circuit boards produced by Tongge Micro have been supplied in small batches for Mini/Micro LED direct display products. ”
Focus on the future: Both major tracks are working hard to open up new value points
It is worth noting that glass-based circuit boards can also greatly improve the core performance of semiconductor chips, so they also have broad application prospects in the field of semiconductor packaging. As the first domestic company to intervene in the glass-based circuit board track, Wogg has a complete technology chain of independently developed glass-based circuit boards, and has mature full-process manufacturing service capabilities for glass circuit board R&D and manufacturing. It is one of the very few companies in the world that has full-process process capabilities and preparation. Currently, it is focusing on the two major tracks of third-generation semiconductor display (microLED direct display, miniLED backlight) and semiconductor advanced packaging carrier board. It has achieved varying degrees of mass production breakthroughs respectively, bringing great room for growth in future value enhancement.
Therefore, this private investment in the Mini LED backlight module project is not only an "intensive effort" in the display track business, but also is expected to contribute to the companyThe financial community will also continue to pay attention to the company's further development as it intentionally explores new performance growth points.
ANNA