Sapien Semiconductor is showing strong performance. It appears that securities firms' analysis identifying it as the biggest beneficiary of the global augmented reality (AR) market expansion has had an impact.
As of 9:42 AM on the 18th, Sapien Semiconductor was trading at 27,900 KRW, up 3,000 KRW (12.05%) compared to the previous trading day.
Sapien Semiconductor is a company that develops and supplies silicon backplanes that serve as driver integrated circuits (ICs) for micro LED displays.
Lee Gyu-ha, a researcher at NH Investment & Securities, stated, "Currently, we are developing products with global extended reality (XR) related companies, and we believe that Sapien Semiconductor is the biggest beneficiary of the AR glasses market expansion in the mid to long term." He explained, "Future displays are narrowing down to OLEDoS (OLED on Silicon), which deposits OLED on silicon, and LEDoS (LED on Silicon), which modularizes LEDs on silicon."
Sapien Semiconductor supplies silicon backplanes that adjust LEDoS pixels to implement various images. In particular, it is expected that the AR glasses market, which offers greater convenience than head-mounted displays (HMDs) like Vision Pro in the mid to long term, will grow further. Demand for micro LEDs, which have lower power consumption and significantly higher brightness, is expected to surge, making it a beneficiary.
Researcher Lee Gyu-ha said, "So far, the company has mainly relied on R&D sales, so a deficit is inevitable this year," adding, "With the start of mass production of some models next year, it will turn profitable." He continued, "We have secured customers among both U.S. companies leading the XR market and companies in the Greater China region," and added, "We expect sales of about 20 to 30 dollars per unit and a profit margin of over 30%."
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