San'an delays its plans to produce miniLED and microLED chips in Hubei
In 2019 San'an Optoelectronics announced that it is planning to build a $1.78 billion miniLED and microLED production site in Hubei. The plans, originally, was to start production in March 2021. The construction was delayed, though, due to the Covid-19 pandemic, and a few years later San'an delayed its plans and aimed to start producing LEDs in Hubei in 2026.

Today San'an announced that it is delaying the production of miniLED and microLED at the Hubei plant - to June 2028. San'an said that the decision to delay was due to macroeconomic volatility, sluggish markets and slower-than-expected progress in critical microLED processes. So far the company invested 51% of the $1.78 billion, and as it "aims to avoid premature capacity buildup amid market uncertainty".




