With a total investment of 7.5 billion, four major LED display projects including Huike and Leyard have refreshed their progress.

Entering 2025, the investment and construction of LED display projects continues to rise. Recently, the projects of Huike, Leyard, Haijia Group, and Chuangyi Optoelectronics have once again refreshed the progress bar, and have successively entered the construction, production, and contract signing stages.

With a total investment of 5 billion, the first phase of Mianyang Huike Mini LED project started

On February 13, Sichuan Province held an on-site promotion event for major projects in the first quarter of 2025. There were a total of 2,956 major projects with a total investment of 1,131.8 billion yuan.

Among them, the first phase of the Mianyang Huike Mini LED project held a groundbreaking ceremony at the Mianyang branch venue. The project has a total investment of 5 billion yuan. It is located in the east area of Sichuan Mianyang Industrial Park in Fucheng District and is constructed by Mianyang Huike Technology Co., Ltd.

The project construction includes backlight module and direct display module production lines including epitaxy, cleaning, exposure, evaporation, etching, PECVD, grinding, back plating, cutting, testing, sorting and other production processes. After the project is completed and reaches full production, the annual output value will reach 5 billion yuan, and the annual comprehensive tax revenue will be 500 million yuan. The project construction period is from 2025 to 2026.

Since December last year, Huike has been making frequent moves. The company has successively received a 2.4 billion yuan capital increase from Mian Investment Group; signed a 2025 strategic cooperation memorandum with Changhong Holding Group; negotiated with the Changsha Municipal Government team to include the construction of Huike Mini LED backlight/direct display modules and complete machine projects; and successfully lit up the industry's first 6.67-inch Micro LED direct display screen with a glass-based HMO backplane.

Since entering 2025, Huike has rapidly promoted the construction of Mini LED production capacity. Just in this At the beginning of the month, Huike's Mini LED backlight/direct display module and complete machine project with a total investment of 9 billion yuan also started construction in Liuyang, Hunan. The project took less than a month from signing to start of construction.

In the field of Mini LED, in addition to the projects currently under construction in Mianyang, Sichuan and Liuyang, Hunan, Huike in Yichang also completed the mass production of the first mLED COB display production line in Hubei Province in January last year.

As a technology company focusing on the field of semiconductor display, Huike's main business is the development and manufacturing of core display devices such as semiconductor display panels and smart display terminals. Huike's existing technologies include amorphous silicon a-Si TFT-LCD technology, Oxide TFT, Oxide RGB OLED, Oxide LCD, Mini LED, etc.

As Huike invests a lot of resources in the construction of Mini LED production capacity, Mini LED may gradually become an important part of Huike's technology in the future and become a key source of contribution to Huike's performance.

With a total investment of 1 billion, Leyard Changsha Central China Headquarters and Base Ground project starts

According to the Changsha Wangcheng District Government Portal, on February 7, the first batch of 84 projects in Wangcheng District announced the intensive start of construction at the Leyard Central China headquarters and R&D and production base project site, with a total investment of 13.8 billion yuan.

Among them, Leyard's central China headquarters and R&D and production base project was signed in March last year, with a total investment of 1 billion yuan. It is reported that in this layout, Leyard will place nearly half of the world's production capacity in Changsha. After full production, Leyard can double its production capacity. It is expected that the annual production capacity will reach 2 billion yuan, and the annual tax revenue will be more than 60 million yuan.

It is reported that the project has started construction at the end of December 2024, and 90% of the basic construction has been completed. The next step will be the main construction, and the project is expected to be completed by the end of October this year.

With a total investment of 500 million, the Chuangyi Optoelectronics project was put into operation

On February 12, according to Xiaochi Binjiang New District WeChat news, Chuangyi Optoelectronics officially launched production equipment in the Lingang Industrial Park of Xiaochi Binjiang New District, Huangmei County, Huanggang, Hubei, marking the formal operation and commissioning of this project with an investment of 500 million yuan and an annual output value of 1 billion yuan.

It is reported that the project was signed in 2024, with an investment of 500 million yuan from Shenzhen Jingwei Intelligent Technology Co., Ltd. and a fixed investment of 300 million yuan. It mainly produces flexible LED 4K high-definition media displays, 3C smart electronics and other products. The total construction scale is 10 SMT patch production lines, 10 3C automatic assembly lines, 5 LED display large screen assembly lines, 2 fully automatic intelligent packaging glue machines, 3 mold equipment, 18 injection molding machine equipment, and 1 experimental research and development center.

After the project is fully put into production, it will employ more than 200 people. It is expected that the monthly output in the first quarter will be 200,000 to 300,000 units, the monthly output value will be 15 million to 20 million yuan, the annual output value will reach 1 billion yuan, and the tax revenue will be more than 30 million yuan. At present, it mainly produces children's watches, cameras, Bluetooth speakers, Bluetooth headsets and other export products.

With a planned investment of 1 billion, Haijia Group and Guanqiao Town signed a project agreement for the LED small-pitch full-color display screen

On February 12, Guanqiao released news on its public account that Haijia Group and Guanqiao Town signed an investment agreement for the Haijia LED small-pitch full-color display production project.

After the ceremony, Lin Jianzhong, chairman of Haijia Group, introduced in detail the specific plan of Haijia LED small-pitch full-color display production project. He said that 1 billion yuan will be invested in the project, which will be mainly used for the construction of new production lines, technology research and development and market expansion, to further promote the development of the LED upstream and downstream industry chains.

In 2025, 18 LED display projects have refreshed their progress

As of February 14, according to incomplete statistics from LEDinside, 18 LED display projects have ushered in new progress, with a total investment scale of approximately 43.376 billion yuan, involving Mini LED backlight, MLED direct display, near-eye display technology, etc., meeting the application needs of display products such as LED displays, TVs, monitors, and AR glasses:

Behind the rapid advancement of a large number of LED display projects in 2025, companies are undoubtedly optimistic about the development prospects of LED display technology in the future.

Among them, in terms of LED displays, according to the "TrendForce 2025 Global LED Display Market Report", as the application scenarios of LED displays gradually increase, LED displays gradually cover more markets around the world, and coupled with high-resolution display requirements, it is expected that the global LED display market size will have the opportunity to reach US$7.991 billion in 2025. Indoor/outdoor LED small-pitch displays will still be the main driving force for future market growth, with compound growth rates of 10% and 4% respectively from 2023 to 2028.

In terms of Mini LED backlight applications, as the demand for Mini LED backlight TVs continues to grow, the market is expected to continue to expand in the next few years. According to TrendForce, Mini LED backlight TV shipments are expected to reach 6.21 million units in 2024, an annual increase of 53.5%; in 2027, Mini LED backlight TV shipments Shipment volume is estimated to reach 24.4 million units, accounting for approximately 12.1% of the overall TV market, with a compound annual growth rate of approximately 56.7%.

In the field of near-eye display, Micro LED light source characteristics are regarded as important micro-display technology reserves because they can meet the needs of AR devices for high brightness, small size, and low power consumption. TrendForce estimates that Micro LED’s market share in AR devices will reach 18% in 2024, rising to 44% by 2030.

Looking forward to the future, LED display technology has abundant development opportunities and full growth momentum. In 2025, how should LED companies focus on the present and be prepared to welcome the coming of new opportunities?

On February 26 and 27, 2025, TrendForce’s LEDinside and WitsView will hold a two-day 2025 TrendForce New Display Industry Seminar at the JW Marriott Hotel Shenzhen.

At that time, representatives from BOE, Tianma, Hisense, Skyworth, Unilumin, Nationstar, Hongli, Chenxian and other industries will Big names from well-known display manufacturers and senior analysts from TrendForce will interpret the latest industry conditions and point out the layout priorities of the LED display industry in 2025 and in the future for industry colleagues. Or search WeChat public account