Since the beginning of this year, China's Mini LED field has been very lively, and many manufacturers have accelerated their deployment. So far, at least 15 related projects have been established, with unlimited potential production capacity.
Recently, JC Optoelectronics Technology Group, RF Technology Group, HC Technology Group and LL Technology Group have successively announced the latest progress in financing.
JC Optoelectronics Technology Group 1 billion yuan fixed increase approved
On the 13th, JC Optoelectronics Technology Group issued an announcement disclosing that it had received the "Approval for Approval of JC Optoelectronics Technology Group’s Issuance of Stocks to Specific Objects" issued by China Securities Regulatory Commission (China Securities Regulatory Commission). Application for registration of issuing shares.
At the end of May, JC announced that it intends to raise 1 billion yuan through a non-public offering of stocks to invest in high-efficiency LED chip expansion and upgrade projects and supplement liquidity. The projects cover high-end fields such as Mini/Micro LED, automotive flip chips, and high-power LEDs.
The main body of the high-efficiency LED chip expansion and upgrade project is JC. The project's research and development and manufacturing include high-end LED chip products including Mini/Micro LED, automotive lighting, high-power LED, etc., and will form a blue-green LED chip 950 Production capacity of 10,000 pieces/year.
It is also worth mentioning that JC is seizing the business opportunities of the new display industry. In addition to the above projects, the company also announced an additional investment of 3.5 billion yuan in early September to expand Mini/Micro LED gallium nitride and gallium arsenide chips. Capacity.
RF Optoelectronics Technology Group's fixed increase of nearly 700 million yuan is close to landing
On the 15th, RF Optoelectronics Technology Group issued an announcement announcing that it had received the "Notification Letter from the Review Center on RF Optoelectronics Technology Group's Application for Issuing Shares to Specific Objects" issued by the Shenzhen Stock Exchange. The Shenzhen Stock Exchange's listing review agency reviewed the company's application documents for the issuance of stocks to specific targets, and found that the company met the issuance conditions, listing conditions and information disclosure requirements. The Shenzhen Stock Exchange will subsequently report to the China Securities Regulatory Commission to perform relevant registration procedures as required.
The fixed increase plan shows that the total funds raised by RF Optoelectronics Technology Group this issuance will not exceed 699 million yuan, and will invest in Mini LED backlight packaging production projects, full-color LED packaging expansion projects, and Micro LED technology research and development center projects. The three major projects plan to invest 370 million yuan, 275 million yuan, and 54.837 million yuan respectively.
According to news in May, in order to expand production capacity and increase profitability, RF intends to invest in the three aforementioned projects and other related investments in Zhejiang. The total investment of the project is 1 billion yuan, of which fixed assets investment is 600 million yuan, so RF plans to raise funds No more than 699 million yuan.
The main body of the three major projects raised by the investment is ZJRF, a wholly-owned subsidiary of RF Optoelectronics Technology Group, and the project construction period is 12 months. Among them, the full-color LED packaging expansion project has reached an annual production scale of 10,105 million full-color LED packaging products. All MiniLED backlight packaging production projects have reached an annual production scale of 6.330 million MiniLED backlight packaging products.
HC Optoelectronics Technology Group 1.5 billion yuan fixed increase approved
On the 18th, HC Optoelectronics Technology Group announced that it had received the "Approval on Approval of HC Optoelectronics Technology Group's Registration of Issuance of Shares to Specific Objects" issued by the China Securities Regulatory Commission. The China Securities Regulatory Commission approved HC's registration application for issuing shares to specific targets.
In early April, HC issued an announcement announcing that the number of non-public shares to be issued will not exceed 327,648,428 shares, and the funds raised will not exceed 1.5 billion yuan. It will invest in Mini/Micro LED R&D and manufacturing projects and GaN-based power electronic device R&D and manufacturing projects. Further improve its strategic layout of compound semiconductors.
Mini/Micro LED R&D and manufacturing projects will invest 1.2 billion yuan in funds raised, and GaN-based power electronic devices will invest 300 million yuan in R&D and manufacturing projects.
Among them, the content of Mini/Micro LED research and development mainly includes mathematical modeling and simulation, device structure design, epitaxial process development, chip process development, etc.; the content of mass production mainly includes Mini/Micro LED plant and production line construction, and LED epitaxial wafers and chips Production and sales. The main products of the project include Mini/Micro LED epitaxial wafers, Mini/Micro LED chips, etc. The construction of this project is aimed at realizing the development and industrialized manufacturing of Mini/Micro LED, and in-depth layout of the next-generation display technology.
The R&D and manufacturing project of GaN-based power electronic devices is a series of low- and medium-voltage silicon-based enhanced p-gate GaN high electron mobility transistors (HEMT), including multiple models of 100V, 200V, 600/650V three voltage levels, mainly For market applications such as smart phones, automotive electronics, and data centers, it has the technical characteristics of high switching frequency, high conversion efficiency, and high pressure strength. The construction of this project will help to rapidly promote the large-scale industrialization of GaN power devices.
LL Technology Group is approved to issue convertible corporate bonds to unspecified objects
On the 12th, LL Technology Group also announced that it has received the "Approval for Registration of LL Technology Group to Issue Convertible Corporate Bonds to Unspecified Objects" issued by the China Securities Regulatory Commission on October 9, 2020. The China Securities Regulatory Commission approved LL's application for registration of issuing convertible corporate bonds to unspecified objects.
This issuance of LL Technology Group can be reprinted to raise funds of 325 million yuan to invest in the development of Mini LED display modules and LED backlight display module projects.
The new Mini LED display module project will build a new Mini LED display module production line, including 10 automotive production lines with an annual production capacity of 967,200 pieces; 6 flat panel/NB/display production lines with an annual production capacity of 1,872,200 pieces; smart wearables There is one production line, with an annual production capacity of 2.496 million pieces.
The LED backlight display module expansion project is planned to be completed with an annual output of 56.16 million PCS of backlight display modules.
The implementation of the two major projects will help Longli Technology to expand the production capacity and business scale of display modules.
Summary
The major projects in the upper and middle reaches are about to land, and at the same time, Mini LED products in the terminal market have come out one after another. Various signs indicate that Mini LED is one step closer to mass production. Next, manufacturers in all links of the industry chain will continue to perform their duties, fully promote the construction and implementation of Mini/Micro LED and other related projects, and promote the process of large-scale Mini LED.
In terms of applications, Mini LED backlight products are currently the most popular in the field of laptops and TVs. Taking TV applications as an example, according to TrendForce's analysis, manufacturers such as Samsung, TCL, Konka, Xiaomi and other brands have introduced Mini LED backlight TVs. In addition to the continuous optimization of technology upgrade costs, it is estimated that Mini LED backlight TVs will reach 440 in 2021. Ten thousand units, accounting for about 2% of the overall TV market.