Vogel Optoelectronics' scheduled increase enables display upgrades, and glass-based Mini LED backlight becomes a new engine for performance growth

Vogel Optoelectronics recently issued an important announcement. The company plans to raise no more than 1.5 billion yuan in funds by issuing A shares to specific targets. The upper limit of the number of shares issued this time is 67.0432 million shares. It is understood that the funds raised this time will be mainly used for the construction of the glass-based Mini LED display backlight module project, supplementing the company's working capital and repaying bank loans. The glass-based Mini LED display backlight module project will receive an investment of up to 1.06 billion yuan, accounting for more than 70% of the total funds raised, demonstrating the company's great importance to the project.

Mini LED backlight technology has become the new focus of the display industry

Mini LED, as a transitional technology between LCD and OLED, has received widespread attention in the display field in recent years. Compared with traditional LCD backlight technology, Mini LED backlight technology achieves finer zoning control by reducing the size of the LED chip to 100-200 microns, significantly improving display contrast and brightness performance. In the high-end TV, tablet and notebook computer markets, Mini LED backlight technology has shown strong market potential.

Apple will start using Mini in products such as iPad Pro and MacBook Pro from 2021 LED backlight technology has driven the entire industry's attention to this technology. Market research institutions predict that the Mini LED backlight module market will maintain an average annual growth rate of more than 20% in the next few years, and the global market size is expected to exceed 30 billion yuan by 2026.

And as Mini Glass substrate, one of the important basic materials for LED display products, has better thermal stability and optical performance than traditional PCB substrates, which can further improve the Mini LED backlight display effect, so it has huge application potential in high-end display products.

It is for this reason that Vogel Optoelectronics has invested heavily in the glass-based Mini LED display backlight module project, precisely because of the broad application prospects of this technology in the field of consumer electronics in the future.

Technological upgrades help the extension of Woge Optoelectronics industry chain

As a leading domestic touch display integrated solution provider, Vogel Optoelectronics has long been focused on the field of optoelectronic glass. This investment in the Mini LED backlight module project marks the company's further expansion and upgrade in the field of display technology.