As representatives of this strategic cooperation signing, Mr. Yi Weihua, chairman of Vogel Optoelectronics, and Mr. Sun Ming, general manager of Zhongqi Optoelectronics, jointly stated that the electronic information industry is a leading and strategic industry for social development, and it is important for accelerating economic growth and adjusting the industry. The structure and transformation of the development mode have irreplaceable pulling effects. This strategic cooperation is of great significance for increasing the market share of domestic chip packaging substrates, accelerating my country independent and controllable process in key links of the chip industry chain, and improving the security of the chip industry supply chain. At the same time, it is of great significance to improve the research and development and manufacturing level of Mini/Micro LED in my country and enhance the overall competitiveness of the Mini/Micro LED industry chain. This cooperation will deeply combine Vogel Optoelectronics domestic leading technological advantages such as glass substrate coating and massive through-holes, as well as Zhongqi Optoelectronics domestic leading LED chip production, processing, and RD technological advantages to develop semiconductor chip packaging substrates and Mini/ Micro display industry-leading optoelectronic display products for the purpose, follow the principle of based on the long-term, mutual benefit, win-win cooperation, and common development to establish a long-term strategic business partnership.
In recent years, as Apple, Xiaomi, TCL, Hisense, Asus, Innolux, AUO, BOE and other companies have launched MiniLED backlight or similar technology TVs, monitors, VR and vehicle display and other terminal products. The participation of Apple and Samsung, two of the world strongest consumer electronics brands, is expected to drive the industry trend and accelerate the formation and rapid maturity of Mini LED industry chain standards. With the maturity of the industrial chain and the reduction of costs, miniled displays are expected to usher in rapid penetration. It is predicted that with the increasing demand for full-screen, high-definition displays in entertainment, retail, teleconferencing, education, medical, security and other markets, the global Mini LED market will grow rapidly from RMB 14.9 billion in 2022 to 965 million in 2026. billion RMB.
Mr. Yi Weihua, Chairman of Vogel Optoelectronics, said: In the past three years, Vogel Optoelectronics has invested a lot of efforts in thick copper glass substrates, through-hole metallization, and ultra-thin glass, and achieved good results. Glass substrate backlight products have been launched into the market one after another. Our small-pitch direct display products and IC ultra-thin packaging substrates have also been initially recognized by the industry. Among them, many products in the direct display field have been jointly developed with customers and are expected to be realized in the second half of this year. Small batch supply; in the field of semiconductor packaging, the sample has also been successfully proofed and passed the customer technical verification. This strategic cooperation also reflects the customer recognition of this technology and is a milestone in the application field of glass substrates. The company will focus on various applications of glass substrates, actively develop and promote the application of glass substrates in optoelectronic displays, precision components and semiconductor fields.
Mr. Sun Ming, general manager of Zhongqi Optoelectronics, said: Zhongqi Optoelectronics, as an enterprise with a whole industry chain from LED epitaxial chips to display modules, has now achieved a preliminary industrial scale in Mini/Micro LED point, line and area light sources. And achieved high industry recognition and market share in market segments. The strategic cooperation between Zhongqi and Vogel Optoelectronics is based on the highly consistent development concept of both parties. Both parties are very optimistic about the industrial replacement of traditional PCB/BT by substrates and carriers represented by Vogel glass substrates. In the future, they will give full play to their respective core materials. With the complementary advantages in the field of application technology, we have established long-term strategic cooperation in the application of glass substrates in Mini/Micro LED and IC/third-generation semiconductor discrete devices/integrated packaging/advanced packaging.