Summary of newly established companies by 13 LED-related companies

Since this year, LED industry chain companies have accelerated their business expansion, establishing subsidiaries, joint ventures, etc. to expand into emerging areas and improve the industrial chain layout. Recently, Inventronics has also joined the ranks and plans to enter the field of data center power supply through the establishment of a joint venture.

Inventronics establishes a joint venture to increase investment in the AI data center power supply market

On July 17, Inventron announced that the company plans to jointly invest 30 million yuan with Hangzhou Senhu Holdings Co., Ltd. to establish a joint venture. Among them, Inventron invested 15.3 million yuan with its own funds and held 51% of the shares; Senhu Holdings invested 14.7 million yuan and held 49% of the shares.

The new company is tentatively named Hangzhou Inventron Intelligent Power Technology Co., Ltd., with a registered capital of 30 million yuan. Its business scope covers computer software, hardware and peripheral equipment manufacturing, data processing and storage, Internet of Things technology research and development and services, electronic device manufacturing and other fields. According to the plan, the joint venture will actively deploy power solutions for data center application scenarios.

In this cooperation, Senhu Holdings will give full play to its advantages in industrial resource integration, market expansion and project operations. According to the data, Senhu Holdings is mainly engaged in equity investment, industrial park operations, international trade and other businesses, and carries out related operations through its subsidiary Hangzhou Zesen Lighting Technology Co., Ltd.

Inventronics has long been deeply involved in the field of lighting supporting products such as LED drive power supplies, sensors, control systems and LED modules. In recent years, it has continued to transform from a single product supplier to a lighting system solution provider. In 2023, the company completed the acquisition of Osram Digital Lighting Systems' European and Asian business; after two years of integration, it released a new brand strategy in 2025 to further improve the layout of multi-scenario lighting solutions for industry, commerce, retail, hotels and residences.

Inventronics stated that the establishment of the joint venture will give full play to the company's advantages in power electronics technology and global operations, and combine it with Senhu Holdings' industrial resources and operating experience to explore new business opportunities that have industrial synergies with the existing main business.

LED companies have intensively set up new companies this year.

In fact, since this year, LED industry chain companies have continued to expand new businesses and improve industrial layout through the establishment of subsidiaries and joint ventures. In addition to Inventronics, Huike, TCL Electronics, BOE Huacan Optoelectronics, Hongli Zhihui, Goertek Optical, Haoyang Co., Ltd., Songsheng Co., Ltd., Guangpu Co., Ltd., Suijing Optoelectronics and other companies have also announced relevant layouts.

Overall, the direction of new companies established by enterprises this year mainly presents three major characteristics: first, cultivating a second growth curve around emerging industries such as AI, Micro LED, and optical communications; second, integrating industry chain resources through joint ventures and cooperation, accelerating project construction and technology industrialization; third, continuing to improve overseas operation systems and enhance global market competitiveness.

AI, Micro LED and other industries have become the focus of the layout

With the rapid development of AI computing power construction, smart terminals and new display markets, more and more LED companies have entered the high-growth track by establishing new companies.

Similar to Inventron, in February this year, Songsheng Co., Ltd. established Shenzhen Songsheng Yimai Digital Energy Technology Co., Ltd. to lay out the AI data center market and focus on the R&D and manufacturing of digital energy products such as server power supplies and AI power supplies. The company stated that it will leverage its own industrial chain and supply chain advantages and combine the technical capabilities of its partners to enhance its competitiveness in the digital energy field.

The AR industry chain has also become the focus of the layout. Weiguang Technology established a wholly-owned subsidiary in Shanghai in April to further strengthen the layout of smart wearable business. In January, Goertek Optical and Connet Optics established an AI/AR/VR/MR glasses joint venture to cooperate on core components such as optical waveguides and smart glasses lenses. Overseas, Snap established a wholly-owned subsidiary, Specs, in January to focus on the R&D and operation of AR smart glasses to prepare for the launch of a new generation of products and ecological construction.

At the same time, optical communications company Tengjing Technology has also accelerated its expansion into the AR field. In July, it invested 35 million yuan to establish an AR subsidiary to further integrate the AR consumer optical business and promote the industrialization of AR optical waveguides and optical modules.

In addition, the growth in demand in the optical communications market has also attracted the deployment of LED companies. In April this year, Guangpu Technology Co., Ltd. and Sailer Optoelectronics jointly established Shanghai Guangpu Sailer Technology Co., Ltd. to lay out optical engines, vehicle-mounted optical communication modules, inter-satellite optical communication modules and integrated photonic chip packaging and testing businesses, and accelerate their entry into the fast-growing optical communications market.

Huike has also made new progress. It is targeting the semiconductor field and established Chengdu Huixin Semiconductor R&D Co., Ltd. in June this year. The new company's business scope covers optoelectronic device manufacturing, optoelectronic device sales, and electronic special material manufacturing.

Joint venture cooperation has become an important way to promote project implementation

In addition to laying out new tracks, many companies have also established joint ventures this year to speed up project construction and industrialization implementation.

In June this year, BOE Huacan Optoelectronics and local state-owned assets platforms jointly established Suzhou BOE Crystal Core Technology Co., Ltd. as the implementation entity of a new high-end display project with a total investment of approximately 970 million yuan. The joint venture has a registered capital of 700 million yuan, with BOE Huacan Optoelectronics holding 70% of the shares. The establishment of the joint venture will further promote the research and development and industrialization process of new high-end display products.

In addition, in January, Xingyu Technology, together with Xinlian Integration and Jiufengshan Laboratory, jointly promoted the Micro LED intelligent light technology R&D and manufacturing base project and established a joint venture in Wuhan East Lake High-tech Zone with a registered capital of 200 million yuan. The project will focus on the research, development and manufacturing of Micro LED smart light technology, focusing on the field of automotive lighting and Micro LED cutting-edge technology.

Overseas layout continues to deepen

While expanding new businesses, many companies also continue to improve their overseas operation systems and accelerate their global layout.

In July, Haoyang announced the establishment of a wholly-owned subsidiary in the Netherlands, responsible for coordinating European regional investment and overseas business management, further implementing the global development strategy, and optimizing global resource allocation.

In May, Suijing Optoelectronics and VIA Optronics, a subsidiary of the German VIA optronics group, jointly established a joint venture to develop, produce and sell LED backlight products. This cooperation will combine the advantages of both parties in LED packaging, display panels and overseas customer resources to further improve the layout of the display industry chain and expand the international market.

Hongli Zhihui completed the registration of the establishment of a subsidiary in Thailand in April. In the future, it will carry out the research and development, production and sales of vehicle LED lights, lighting products and intelligent control systems to further enhance the international market supply capacity and customer response speed.

In addition, in January this year, TCL Electronics announced that it planned to establish a joint venture with Sony to integrate the advantages of both parties in display technology, branding, supply chain, and global markets to jointly expand the global home entertainment business.

According to TrendForce’s TV industry research, the two parties are expected to complement each other in terms of brand, technology and key component supply chain. Sony can leverage TCL’s strength in Mini LED supply to further bring high-end products closer to Mini LED TV in the short and medium term, and is expected to become the outlet for TCL’s CSOT OLED TV panel production capacity in the long term.

Overall, LED companies are accelerating the expansion of new businesses and improving the layout of the industrial chain through the establishment of subsidiaries and joint ventures. As AI, Micro LED, optical communications and other fields continue to develop, companies have launched diversified layouts around technology, resources and markets, pushing the industry towards higher value links.