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Ennostar to grow presence in China mini/microLED market

Taiwan-based integrated LED solution provider Ennostar is poised to enhance its presence in China's mini/microLED market thanks to robust sales experienced by its joint venture in the country.

Leadstar Micro-Crystal Display, a joint venture established by Ennostar's subsidiary, Yenrich Technology, and China-based Leyard Optoelectronics, reportedly has landed about CNY200 million (US$31 million) worth of orders for mini/microLED chips, according to industry sources.

With significant orders in hand, Leadstar rushed to ramp up its production capacity to 800 million chips a month in May, having just kicked off volume production at its plant in the fourth quarter of 2020, said the sources.

If its production capacity can be fully utilized, Leadstar is likely to reach annual revenues of CNY300-400 million in 2021, the sources estimated.

Leadstar also plans to double its capacity to 1.6 million units in 2022.

Both Yenrich and Leyard will benefit from the booming sales enjoyed by Leadstar, as the former will provide backend packaging services for the joint venture, while Leyard will be responsible for LED module production as well as marketing, indicated the sources.

Meanwhile, Leyard has begun to tap the over 100-inch ultra-large mini/microLED TV and PID (public information display) markets under its own brand, Planar, in China.

Leyard's offerings include a 4K 135-inch microLED TV priced at CNY980,00 and an 8K 216-inch model priced at CNY3.88 million. It also offers 108- and 162-inch models.