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 is building a complete supply chain for microLED production, from epiwafer production through chip processing, transfer process and more. In 2023 AUO announced a $21.5 million agreement with PlayNitride to build a 6-inch microLED production line at AUO's Longtan factory. Earlier in 2023, PlayNitride said that it is increasing its production volume to 10,000 6" wafers per month.
PlayNitride is developing a wide range of displays: tiled large-area displays (PixeLED Matrix), wearable panels, microdisplays, transparent displays, and more. In 2022, PlayNitride started to sample microLED panels for over 5 potential automotive customers.
In 2026, the company announced a partnerhsip with Brillink to co-develop microLED based optical interconnect solutions. In December 2025, PlayNitride announced it will acquire Lumiode fro $2 million.
Disclosure: the author of this post holds shares in PlayNitride
