Foxconn says it did not cancel its microLED display project

A few days ago we reported that Foxconn canceled its microLED R&D project as it aims to improve its profitability. Foxconn however denies this and says that indeed an R&D group was dismissed, but it did not belong directly to the Foxconn group.

Foxconn production line photo

This was indeed a surprise as only a few months ago Foxconn was reportedly bullish on its microLED project, had commented that it may produce such displays in the US in the future and also asked three of its subsidiaries to push forward with Micro-LED development - Advanced Optoelectronic Technology (AOT) Epileds Technologies and Marktech.

In 2018 Foxconn acquired US-based micro-LED assembly process developer eLux and also acquired a 7.32% stake in Taiwan-based LED developer and producer Epileds Technologies specifically with an aim to get access to Epileds' Micro-LED technologies.

Posted: Oct 01,2019 by Ron Mertens