[News] LED Maker Ennostar Disposes of NT$450M Stake in Micro LED Company PlayNitride

According to Economic Daily News, LED maker Ennostar announced on August 26 that between March 20 and August 26 this year, it disposed of its investment in common shares of Micro LED company PlayNitride, with total transaction value reaching NT$450 million. Ennostar stated that the move was mainly for capital allocation adjustments, asset optimization, and financial structure improvement, the report notes.

As noted by Liberty Times, Ennostar explained that after the divestment, its subsidiary Lighting Investment no longer holds shares in PlayNitride. However, another subsidiary, Epistar, still owns 9,127,338 shares, with a book value of about NT$1.779 billion, representing a 7.76% stake—indicating that Ennostar remains one of PlayNitride’s key shareholders.

Ennostar stated that its operations faced challenges in the first half of this year, with losses widening in the second quarter, mainly due to weak consumer demand, inventory adjustments, and fluctuations in the New Taiwan dollar exchange rate, Economic Daily News indicates.

Amid industry transformation, Ennostar has moved beyond relying solely on LEDs. Notably, as Economic Daily News highlights, the company has joined the silicon photonics industry alliance spearheaded by leading players such as TSMC and ASE.

Ennostar has set its development priorities for the next decade on two core technologies: optical communications and industrial sensing. The company is actively investing in photonic integrated circuits (PIC), silicon photonics, and co-packaged optics (CPO) to capture opportunities in the AI server and data center markets, the report adds.