China-based San’an Optoelectronics announced that it is set to acquire Netherlands-based LED producer Lumileds, for $239 million in cash.
Lumleds was originally a joint-venture between Philips and Agilent aimed to develop and produce LED lighting solutions mainly for the automotive industry and architectural lighting. The company develops microLED technologies. Back in 2024, Lumileds together with XDC demonstrated a production-ready 140 PPI micro-IC driven microLED display. The display was based on Lumiled's 13x20 micron LEDs.
Lumiled's revenues were around $600 million in 2024. The company is the world's third largest automotive LED maker, behind ams OSRAM and Nichia.
San'an Optoelectronics is China's largest LED epitaxial wafers and chips producer, making over 24 million wafers annually - almost 60% of China's total production. The company has been involved with microLED technologies for many years, working with Samsung, TCL CSoT, and others.
In 2019 San'an announced plans to setup a $1.8 billion Mini-LED and Micro-LED production center in Hubei, China. In 2025, San'an increased its microLED production capacity to 1,400 monthly 6" wafers.
