PlayNitride is now a public company, trades at the Taiwan Stock Exchange, discloses its latest financial results

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 SID Displayweek 2022 booth and 132-inch microLED tiled display

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.

Posted: Aug 18,2022 by Ron Mertens