PlayNitride

Taiwan-based MicroLED developer PlayNitride held its Q2 2026 investor conference call, during which it updated on its financials - and also on its major projects and customers. PlayNitride reported revenues of 150 million TWD ($4.7 million USD), down 26% from Q2 2025 ($6.3 million) and slightly up then the first quarter of 2026 ($4.4 million).

First, PlayNitride says that its current business is quite steady. It is supplying microLED chips to both Samsung's direct-emission microLED TVs, and also to the Garmin Fenix 8 Pro smartwatch (produced by AUO). 

Taiwan-based MicroLED developer PlayNitride held its Q1 2026 earnings call, during which CEO Charles Li detailed the company's progress on its tandem (stacked) microLED chips and its full-color monolithic microdisplays for AI glasses, and reaffirmed PlayNitride's position as the only vertically-integrated microLED maker that has mastered epitaxy, chip manufacturing and mass transfer in production. The company also shared its latest financial results.

The main technology highlight was PlayNitride's next-generation tandem stacked microLED microdisplay. Li said the architecture, which has been in development for around two years, started shipping to customers for use in end products in 2026, and delivers a 50% to 80% improvement in light efficiency. Li said that PlayNitride is currently the only company that can stably mass-produce these increasingly complex microLED devices.

In January 2026, PlayNitride announced a strategic collaboration with Brillink to develop next-generation microLED-based array-based photonic interconnect solutions. 

A few days ago, Taiwan-based advanced optical connectivity solution provider Acon Optics showcased its latest innovations, including a microLED Co-Packaged Optics (CPO) interconnect solution developed in collaboration with Brillink and PlayNitride.

Taiwan-based MicroLED developer PlayNitride announced its financial results for Q1 2026, with 135.8 million NTD ($4.3 million USD) in revenues, down from 300 million NTD last year. The company's net loss reached 251.8 million NTD (almost $8 million), up from a loss of 51.5 million NTD last year.

A few days ago, PlayNitride also announced that its China-based subsidiary PlayNitride Kunshan has cancelled its plans to buy new microLED mass transfer equipment from Suzhou-based Yuzhu Semiconductor. The original deal (signed in February 2026) was worth $31.3 million. Yuzhu Semi will refund all payments made by PlayNitride and will not claim and compensation or restitution.

Taiwan-based MicroLED developer PlayNitride announced its financial results for 2025, with revenues of $42.5 million USD, down from $55.5 million in 2024. The company's net loss was $3.7 million (down from a profit of $1.9 million in 2024).

In 2025 PlayNitride secured $24.3 million in a convertible bond private placement (the company also raised 800 million NTD in a bonds issue towards the end of 2024).

PlayNitride announced a strategic collaboration with Brillink to develop a next-generation microLED-based array-based photonic interconnect solution designed to deliver longer reach, lower power consumption, and superior bandwidth density for high-performance computing and AI systems.

PlayNitride will contribute its high-efficiency green MicroLED emitters, The company says that its green emitters enable longer reach, lower power consumption, and more stable performance compared to blue MicroLED emitters—which suffer from higher optical loss and stronger chromatic dispersion in standard optical fibers—creating a more efficient platform for short-reach interconnects.

Taiwan-based MicroLED developer PlayNitride announced that it has agreed to acquire US-based Lumiode for $2 million in cash. Upon completion, Lumiode Inc. will become a wholly owned subsidiary of PlayNitride.

Lumiode's technology enables the deposition of an active matrix backplane directly on the LED structure. In 2019 we posted an article explaining Lumiode's unique technology.

Taiwan's ITRI announced that together with PlayNitride and ChaseWind, it has developed Taiwan's first full-color high-res microLED AI smart glasses.

The smart glasses utilize PlayNitride's 0.49-inch FHD (1920x1080, 4536 PPI) 3,000 nits single-chip full color MicroLED microdisplay. According to ITRI, these glasses offer "six times the image detail and five to ten times the brightness" of current commercial products which are based on LCoS or OLED displays.

Taiwan-based MicroLED developer PlayNitride announced its financial results for Q3 2025. The company reported revenues of $11.7 million USD, down over 30% from last year ($17 million). Playnitride's net income was $2.3 million, up from $1.9 million last year.  

A few months ago PlayNitride secured 800 million NTD ($24.3 million USD) in a convertible bond private placement (the company also raised 800 million NTD in a bonds issue towards the end of 2024).

According to reports from Taiwan, Ennostar sold off its stake in microLED developer PlayNitride . The company sold the common shares in several deals on the open market, and the total shares value reached NT$ 450 million, or around $14.7 million USD. 

Ennostar still holds a large 7.76% stake (9.1 million shares, worth around NT$1.8 billion) via its Epistar Subsidiary. The company said it sold the shares mainly to improve its financial structure, as its losses are increasing due to weak customer demand, inventory adjustments and unfavorable exchange rates. The company is changing its priorities and aim to focus on two core technologies, optical communications and industrial sensing going forward, which may also explain why it reduced its stake in PlayNitirde.