On December 17th, 2019, Liantronics has signed a strategic cooperation framework agreement with KONKA to establish a joint venture, aiming at accelerating the commercialization of Mini and Micro LED solutions. This joint venture company plans 100 million RMB (14.3 million USD) investment, of which KONKA and Liantronics will hold 40% of shares respectively and the rest shares will be held by the core management team. This joint venture is expected to obtain over a billion USD of sales revenue in the next 5 years (2021-2025).
Seize the Opportunity to Lead the New Display Market
With the continuous pursuit of perfect large screen displaying, conventional display technologies can no longer meet the needs of future development. Mini and Micro LEDs, replying on more outstanding display performance on high contrast ratio, low latency, low energy consumption, wide viewing angles, and high resolution compared with conventional LEDs, LCDs and OLEDs, are known as a new generation of display technologies of the industry in the future. In recent years, Mini and Micro LEDs have attracted considerable attention from giants such as Apple, Samsung, LG, Sony, and BOE, who are taking actions to actively explore the market of Mini and Micro LEDs. The future of Mini and Micro LEDs is promising beyond doubt.
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