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