News & Events

RiTdisplay to ship mini LED display products in 2021

PMOLED panel maker RiTdisplay has taped out commodity mini LED display products and is ready to ship samples to clients for validation, with commercial shipments likely to kick off in 2021, according to company CEO DC Wang.

However, Wang noted that RiTdisplay's mini LED products are not for backlighting applications, and instead the company is directly implanting LED dies on the backplanes to form mini LED display devices.

The company will focus on below 6-inch mini LED display products for small- to medium-size applications such as small-size outdoor PID (public information display) devices, such as those on bicycles of bike-sharing services, Wang added.

RiTdisplay has reported revenues of NT$145 million (US$4.93 million) for July, up 2.28% on month and 14.95% on year. Year-to-date revenues totaled NT$854 million, down 16.47% on year.

Revenues for third-quarter 2020 are expected to grow by a double-digit rate from NT$437 million seen a quarter earlier, Wang estimated, citing robust demand for its products. Wang also noted the company is currently operating at 80% of its production capacity.

It posted net profit of NT$70.25 million in second-quarter 2020 compared to NT$4.52 million a quarter earlier. Second-quarter EPS was NT$1.04, up from NT$0.07 in the previous quarter, according to company data.