Daktronics Acquires Intellectual Property and Equipment Assets from X Display Company to Expand MicroLED and MicroIC Capabilities

Core Insights - Daktronics has announced the acquisition of intellectual property, equipment assets, and technical expertise from X Display Company Technology Limited (XDC), enhancing its capabilities in MicroLED technology [1][9] - The acquisition is expected to strengthen Daktronics' competitive position and support its product innovation strategy aimed at accelerating growth [2][5] Acquisition Details - The acquisition includes XDC's proprietary technologies in mass-transfer processes and MicroLED fabrication, enabling advanced display solutions with ultra-fine pixel pitches for large-format video walls and medium-sized commercial displays [9] - Daktronics has also acquired specialized equipment for developing displays with MicroLED and MicroIC technology [9] Market Potential - The Narrow Pixel Pitch (NPP) market, which includes MicroLED technology, is projected to reach $12 billion by 2029 according to Futuresource [5] - The acquisition positions Daktronics to enhance its large-scale NPP product offerings and explore smaller volume display opportunities [6] Talent Acquisition - Daktronics has integrated 15 key employees from XDC, who possess deep expertise in mass-transfer, MicroLED development, and MicroIC design [9] Product Benefits - MicroLED technology offers higher brightness, improved contrast, greater energy efficiency, and a longer lifespan compared to existing technologies like LCD [3] - The acquisition allows Daktronics to develop cost-effective solutions for lower volume applications and provides stability and flexibility in the supply chain [10]