Ennostar merges subsidiaries Epistar and Lextar
Ennostar has announced the merger of its subsidiaries Epistar and Lextar Electronics under the unified brand of Ennostar Corporation, to sharpen its focus on optical semiconductors.
TrendForce reports that Ennostar achieved a revenue of $760 million in 20204, ranking fifth among global LED manufacturers with both chip and packaging capabilities. Moving forward, the company aims to continue expanding into high-value applications.
Epistar and Lextar initially formed Ennostar Holdings in early 2021 to integrate their technical expertise and resources in response to intensifying competition in the LED industry .
TrendForce notes that even prior to the merger, Ennostar had decided to shift its focus to high-value applications, including automotive, advanced displays, and smart sensing, alongside emerging optical communication and high-conversion-efficiency III-V solar cells, reinforcing its competitive edge in the optical semiconductors industry.
Currently, the optical semiconductors industry is placing greater emphasis on automotive and sensing applications. TrendForce projects that the automotive LED market will reach $5 billion by 2029, while the infrared sensing market will grow to $3 billion, with a CAGR of 8 percent and 10 percent, respectively, from 2024 to 2029.
The automotive LED sector includes headlights, taillights, ambient lighting, and Micro/Mini LED displays. Infrared sensing applications span consumer electronics, security surveillance, industrial automation, automotive sensing, and emerging robotics technologies.
As these applications demand increasingly precise wavelengths, higher quality, and enhanced reliability from LED chips and packaging, manufacturers with both chip and packaging expertise will be better positioned to meet the stringent product specifications of leading global brands.
TrendForce highlights that as a subsidiary of the AUO group, Ennostar is the only player in the global supply chain that integrates display panels, LED chips, and packaging technologies. This positioning bolsters its competitive advantage in next-gen display markets, including microLED development and expansion of diversified applications.
Optical communication and high-efficiency solar cells are emerging as new "blue ocean opportunities" for optical semiconductors manufacturers, given the rapid rise of generative AI and the growing demand for renewable energy. Companies with strong integration capabilities in chip-packaging will be able to capitalise on these expanding markets, driving further innovation and growth, says TrendForce.
.jpeg){kind=logo}
