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PlayNitride sees growth in 2H24 with rising capacity and utilization rates

As Micro LED applications gain traction, PlayNitride is set for robust growth in the latter half of 2024. August marked a milestone with a record revenue of NT$184 million (US$5.89 million). The company has steadily increased its chip-on-carrier (CoC) production capacity, with utilization rates now surpassing 70% to 80%. Further contributions from turnkey engineering services and equipment sales are expected to propel the company toward breakeven by year-end.