PlayNitride debuted on the Taiwan Stock Exchange, and the company, now public, trades on the Taiwan Innovation Board - this is the first company on the new board. The ticker for PlayNitride is 6854.
PlayNitride revealed that in 2021 it posted a net loss of around $40 million USD. In the first seven months of 2022, its revenues reached around $7.3 million USD, up 255% from the same period in 2021. The Company also revealed that it currently produces between 1,500 to 2,000 6-inch microLED wafers each month. PlayNitride expects to turn a profit in 2023.
Earlier PlayNitride disclosed that 63% of its sales revenue come from TV applications, 17% from wearable applications, 12% for automotive and 8% for small/medium displays and microdisplays. Most of these applications are still at an early stage of R&D.
PlayNitride's largest shareholder is Samsung Electronics, followed by AU Optronics, Ennostar and Lite-On Technology.
PlayNitride is already supplying microLED chips to its customers (and for its own use), and the company aims to reduce costs by 95% by 2025 compared to 2020. The company will also reduce the size of its microLED chips by 75% by 2025.
Founded in 2014, PlayNitride has raised funds in a few rounds and thereby Samsung Electronics has become the largest shareholder, followed by Taiwan-based TFT-LCD panel maker AU Optronics, LED maker Ennostar and EMS provider Lite-On Technology.
Here a video showing the latest prototypes the company have demonstrated in May 2022. We posted a story detailing these displays, which include large-area tiled displays, microdisplays, transparent displays and flexible ones.