With the progress and development of science and technology and social economy, China's demand for integrated circuits has been increasing, and the national policy support for the integrated circuit industry has been continuously enhanced, promoting the rapid development of the integrated circuit industry.
Relevant data show that the scale of China's integrated circuit industry has reached 756.2 billion yuan in 2019, with a year-on-year growth of 15.8%.
At the same time, the rapid rise of LED emerging application fields such as security, smart wearable devices, AR/VR, intelligent conference and multi-screen live broadcast has further promoted the development of LED industry and created greater incremental space for high-end display driver chips.