LEKIN Semiconductor announced plans to build a new production line in Suzhou, to produce automotive optoelectronic modules and displays, in a 5.2 billion yuan investment ($735 million USD).
The new fab, when complete, will produce vertically-integrated products, from LED epiwafers to display modules, and will have an annual capacity to "supply over 5 million cars". The company said that the second phase of this fab, will focus on mini-LED and micro-LED displays technologies. Over the next 3 years, LEKIN also intends to increase its R&D investment.
Suzhou-based LEKIN Semiconductor was established in 2021, following the acquisition of LG Innotek's optoelectronic compound semiconductor IP. The company's main products include high efficiency ultraviolet LEDs, infrared VCSELs, automotive LEDs, and other optoelectronic devices.
