Zhaochi Co., Ltd.: Part of the new production capacity will be invested in the field of new Mini/Micro LED display chips

Every time I read the AI News, an investor asked on the investor interaction platform: Hello Secretary Dong: What impact will the glut of low-end chips have on Zhaochi’s new production capacity?

Zhaochi Co., Ltd. (002429.SZ) stated on the investor interactive platform on September 19 that the company’s original product line has achieved full production and sales. The epitaxial wafers produced by the newly purchased Unimax equipment have been successfully lit and will be used to expand the production of the gallium nitride Mini LED chip project. Mass production is expected to gradually begin in the second half of the year. At present, the market demand for Mini backlight and Mini RGB has increased significantly. In the next few years, Mini LED will be the product with the most growth momentum in various LED segments. This production expansion plan is an important strategic step for the company in the new display field. On the basis of ensuring the original market share, part of the new production capacity will be invested in the field of new Mini/Micro LED display chips.