The Micro LED leader IPO supported by shareholders such as Samsung, Jingdian and AUO was approved

Two months after sending an application for the first listing of the stock innovation board to the Taiwan Stock Exchange on February 25, the listing application of Zichuang Technology has been approved.

On April 27, the Board of Directors of the Taiwan Stock Exchange of Taiwan held an initial application for the first listing on the Stock Innovation Board through PlayNitride Inc. Zichuang Technology is expected to become the first listed company on the "Taiwan Innovation Board".

It is worth noting that the successful listing of Ruoxin Technology will become a scarce pure Micro LED concept stock in China and even the world.

According to the official website information, Zichuang Technology was established in 2014, through innovative research and development technology and diversified business models, has now become one of the leading manufacturers in the field of MicroLED technology.

According to the relevant prospectus, the capital of Zichuang Technology is about NT$1.008 billion (about 22.7 billion yuan), and its main business is the research and development, manufacturing and sales of nitride semiconductor materials related applications, and its main products are Chip on Carrier and Micro LED related products.

According to the financial report, in 2020, The Company lost NT$1.494 billion (about RMB336 million), and in 2021, it still lost NT$1.218 billion (about RMB274 million).

It is worth noting that although the current zhichuang technology has not yet achieved profitability, the background lineup of the major shareholders of the chuang is strong, and the huge transfer technology with a high technical threshold has made a breakthrough, and there are currently substantial orders.

According to the Taiwan Stock Exchange, the Taiwan Innovation Board proposed to be listed by Zichuang Technology is an important milestone in the development of the capital market in Taiwan, and companies with key core technologies and innovation capabilities, or innovative business models, are encouraged to apply for listing.

In recent years, with the rapid development of Mini/Micro LED technology, Mini LED has entered the commercialization, and Micro LED, as the industry's recognized ultimate display technology, has also become a key layout area for major LED manufacturers, panel manufacturers and consumer electronics leaders.

As a leading technology enterprise in the field of Micro LED, Zichuang Technology has also been favored by various industrial capitals.

Relevant information shows that in 2018 and 2020, Each completed a fundraising of 50 million US dollars, including jingdian, Samsung, AUO and other heavyweight factories have invested, of which Samsung is the largest shareholder, holding more than 20% of the shares, and jingdian also has nearly 20% of the shares.

Lite-On, a large LED manufacturer in Taiwan, also increased its capital by $5 million in 2021 to become its shareholder.

In the past two years, the technology research and development and new product launch in the field of Micro LED have also entered the fast lane. In the second half of 2017, Jichuang began trial production of Micro LEDs, and at the ICT exhibition in April 2018, micro LED displays were exhibited, which were divided into white, green and full-color colors.

At the same time, at the 2018 ComputeX 2018, the Institute of Industry and Research of Taiwan, Taiwan, China, etc. demonstrated the world's first Micro LED display module that directly transferred micro LED chips to the PCB substrate.

Among them, Zichuang Technology is responsible for assisting the Institute of Taiwan Engineering and Research to achieve mass production of the Micro LED chips it designed.

In 2018, Samsung launched a new generation of 75-inch Micro LED TV, which was also exclusively created by Samsung Alliance Taiwan Factory.

Zichuang adopts self-illuminating RGB solid color full-color display technology, based on red, green and blue micro LEDs, with different degrees of collocation, resulting in rich and extensive colors. Compared with the current LCD panel or OLED panel, the contrast and brightness of the RGBMicro LED panel are excellent, and the smooth playback of the RGB MicroLED panel also shows a stunning display effect.

In early 2019, Aixtron said it purchased the AIX G5+C organometallic chemical vapor deposition equipment (MOCVD) for the production of gallium nitride (GaN)-based Micro LEDs.

At CES 2019, it showcased its latest 3.12" and 5" small Micro LED displays, using RGB chips with a chip size of less than 30 μm as pixels.

At the 2019 SID Annual Exhibition, Tianma Micro launched the independently developed LTPSAM Mini LED HDR liquid crystal display product and the world's first 7.56" AM Micro LED display with a transmittance rate of more than 60%, which was jointly developed with Zhenchuang Technology.

Relevant information shows that at the end of 2019, Zichuang has achieved a single monthly mass production scale of MicroLED grains to break through 1,000 pieces.

In April 2020, AUO announced that it has jointly released a 9.4-inch high-resolution flexible Micro LED display with Chitron Technology. AUO introduced that the product uses LTPS backplane drive technology, so that each pixel can drive light independently, and up to 5.5 million Micro LEDs less than 30μm are successfully transferred to the LTPS plastic backplane with high-speed giant transfer technology, achieving an ultra-high pixel density of 228 PPI.

It also showcased a number of Micro LED display products at SID2021, including an 89-inch 5K bendable Micro LED display, a 7.56-inch transparent Micro LED display, a 1.39-inch round Micro LED wearable display, and a 0.39-inch silicon-based Micro LED display.

It is understood that the 89-inch bendable MicroLED display is based on a PCB board and consists of 168 modules spliced. It has a bending radius of 2500mm, a pixel pitch of 0.43mm, a resolution of 5040×1440 (59 PPI), a size of 32:9, and a brightness of more than 2000nits.

At the previous Touch Taiwan 2022 exhibition, Zhenchuang exhibited a number of theme areas, including large display billboards, automotive fields and consumer electronics areas. Including the PixeLED Matrix seamless splicing large display billboard, debut 9.38-inch transparent Micro LED display, the new 11.6-inch 24:9 2.5K high-resolution automotive Micro LED display, 1.58-inch passive square Micro LED display, 0.39-inch 1411 ppi high resolution, full-color μ-Pixe LED display, etc.

According to Zichuang, through different Micro LED solutions, combined with the application situation, users can better experience the advantages of Micro LED in the new generation of displays, including the diversity of use, from the specifications of traditional displays to future technology applications, can inherit the bright performance and product characteristics of this "ultimate display".

From July 7 to 8, 2022 (Thursday to Friday), the 2022 Gaogong New Display Industry Summit Forum and Display Industry TOP50 Award Ceremony, hosted by Gaogong LED and Gaogong Industry Research Institute (GGII) and titled by Mengtuo Intelligent, with the theme of "Greeting New Growth of Display", will be held at the Hyatt Regency Shenzhen Airport Hotel.

The summit forum will focus on hot areas such as small-pitch LED display, Mini direct display, Mini backlight and Micro LED, and invite chips, packaging modules, equipment materials, power IC, panel factories, TV manufacturers and other leading enterprises to share.