Hot topics of the week: MicroLED, AR and optical communications usher in multiple developments

This week, the fields of Micro LED, AR optics and optical communications continue to heat up, with many companies making new progress in industrial layout, technology research and development, capital financing and product applications. BOE, Magic Leap, etc. are promoting industrial collaboration and strategic adjustment. Xingkey Semiconductor, Mojie Technology, etc. have obtained financing to accelerate their layout. At the same time, optical waveguide mass production, Mini LED vehicle display and other applications have been implemented, promoting the sustainable development of related industrial chains. At the same time, many display companies disclosed performance forecasts for the first half of 2026.

[MLED]

BOE fully subscribes for RMB 998 million of Huacan Optoelectronics’ fixed-increase shares to deepen the synergy of the MLED industry

On July 15, BOE Huacan Optoelectronics disclosed its private placement plan and plans to issue shares to its controlling shareholder Tokyo Oriental to raise no more than RMB 998 million. BOE will subscribe in full in cash and the funds will be used to supplement working capital. At the same time, BOE plans to license MLED-related patents to Suzhou Jingxin to further strengthen technological collaboration. The two parties will accelerate the layout of the new display industry through capital and technology collaboration.

Xingkey Semiconductor completed hundreds of millions of yuan in financing to accelerate the mass production layout of 8-inch Micro LED

On July 13, Xingkey Semiconductor completed a new round of financing of hundreds of millions of yuan, with participation from CDH Hong Kong Fund and others. The company focuses on large-size silicon-based gallium nitride and hybrid bonding technology routes. It has built the country's first 8-inch silicon-based gallium nitride full-process pilot production line for Micro LED, achieved mass production of single-color Micro LED chips, and continues to promote the construction of full-color microdisplays and mass production lines.

Mini LED is on board the Land Rover-Chery co-branded car Freelander 8

Recently, FREELANDER released official images of the interior of its first mass-produced model, the Freelander 8. The car is equipped with a 15.6-inch Mini LED central control screen and a 46.3-inch remote screen. It is expected to be launched in the second half of this year. Among them, the central control screen uses Mini LED backlight technology and is equipped with 2304 independent backlight partitions. This model is jointly created by Chery and Jaguar Land Rover and is positioned as a mid-to-large SUV.

[AR Optics]

Magic Leap strategic transformation, focusing on AR optical waveguide supply and industry chain cooperation

Magic Leap, an American AR company, announced that it will adjust its strategy and stop independently developing consumer-grade head-mounted display hardware, and instead focus on optical waveguide supply and equipment integration services. The company hopes to rely on its accumulation of optical technology to help partners accelerate the mass production of AR glasses products. This transformation means that Magic Leap is gradually shifting from a terminal brand to a core optical component supplier in the AR industry chain.

Xinshijia joins hands with Nanchang Virtual Reality Research Institute to build a flexible OLED microdisplay pilot platform

On July 9, Jiangxi Xinshijia and Nanchang Virtual Reality Research Institute signed a cooperation agreement to jointly build a joint pilot test center for flexible OLED microdisplay and virtual reality. The two parties will carry out joint trial production around flexible OLEDs, silicon-based microdisplays, optical waveguide modules and AR machines to promote the transformation of microdisplay technology from R&D verification to industrial application.

600 million yuan in financing to increase AI+AR glasses, Mojie Technology improves optical full-link layout

On July 13, AR optical company Mojie Technology announced the completion of Series A and Series A+ integrated financing, with a financing scale of 600 million yuan. Focusing on the layout of AI+AR glasses, the company has implemented full-link self-research from optical materials, wafers, waveguides, optical machines to complete machines, and continues to promote the construction of optical waveguide mass production capabilities. As the AI glasses market heats up, the core links in the AR industry chain are accelerating in gaining capital attention.

Lante Optical’s fixed-increase increase was approved by the Shanghai Stock Exchange, and it plans to raise 1.055 billion yuan to deploy AR optics

On July 13, Lante Optical’s application for issuance of shares to specific objects was approved by the Shanghai Stock Exchange, and will be submitted to the China Securities Regulatory Commission for registration. This private placement is planned to raise no more than 1.055 billion yuan, and the funds will be mainly invested in projects such as the industrialization of AR optical products, the improvement of glass aspheric lens production capacity, and the research and development and industrialization of micro-nano optical components.

Fulan Optical is listed on the New Third Board Innovation Level and starts listing guidance on the North Exchange

On July 2, Fulan Optics was approved to be listed on the New Third Board Innovation Level, and signed a coaching agreement with Industrial Securities on July 8 to officially launch the Beijing Stock Exchange listing coaching. The company mainly focuses on precision optical components, and its products cover HUD free-form surface mirrors, lidar optical components, VR/AR optical components and other fields.

Yunzhan Optoelectronic Array Optical Waveguide mass production line was put into production, with an annual production capacity of 200,000 pieces

In July, Yunzhan Optoelectronic Array Optical Waveguide full-process process mass production line was officially put into production, with a designed annual production capacity of 200,000 pieces, covering AR glasses and vehicle HUD applications. This production line promotes array optical waveguides from research and development verification to large-scale manufacturing. The products can be adapted to Micro LED, LCoS and other display solutions, and are oriented to the lightweight AR glasses and large field of view vehicle HUD market layout.

[Optical Communications]

BOE Huacan Optoelectronics Micro LED optical interconnect chip achieves overseas delivery

Recently, BOE Huacan Optoelectronics disclosed its latest business progress. Among them, Micro LED communication application chips have been delivered to overseas customers, and product parameters continue to be verified and optimized. On this basis, the company will lay out high-speed Micro LED epitaxy, chips, and light-emitting module businesses adapted to communication systems, and work with upstream and downstream strategic partners to gradually achieve technological breakthroughs in this field.

Zhongke Optical Core joins hands with China Telecom to increase computing power optical communications

Recently, Shenzhen Zhongke Optical Core and China Telecom Shenzhen Branch signed a strategic cooperation agreement. The two parties will cooperate in the construction of intelligent computing centers, high-speed optical communication product supply and technology research and development. Zhongke Optical Core has commercialized VCSEL optical chips and 400G/800G optical modules, and continues to promote the research and development of next-generation technologies such as 1.6T optical modules and 3.2T CPO.

【Latest performance】

This week, Huike and many other companies have successively disclosed performance forecasts for the first half of 2026. Some companies have benefited from the recovery in market demand, new business growth and product structure optimization, and have achieved significant increases in profits, such as TCL Technology, Dongshan Precision, Sichuan Changhong, Mulinsen, Lingyun Optoelectronics, etc.; at the same time, some panel and display-related companies are still suffering from cost pressures, market competition and exchange rate fluctuations, and their performance has suffered losses or declines, including Visionox, Shenzhen Tianma, Sanan Optoelectronics, etc. Although Huike Co., Ltd. is expected to achieve a net profit attributable to the parent company of 1.85 billion to 2.05 billion yuan, the profit scale will remain at a relatively high level in the industry, but it will decline slightly year-on-year.