Group 1 - The global LED chip sales market is projected to reach $2.841 billion by 2025, with兆元光电 ranked ninth in the industry, primarily generating revenue from lighting, backlighting, and Mini LED display applications [1] - TCL CSOT has successfully acquired 80% of 兆元光电's shares and related debts, marking its entry into the LED chip sector and completing its supply chain layout from upstream chips to downstream Mini LED applications [1][4] - The trend of vertical integration in the LED chip industry is being driven by brands and panel manufacturers, significantly reducing the coordination costs between product applications and chip supply [3] Group 2 - TCL CSOT's acquisition of 兆元光电 for 490 million RMB ($70 million) highlights the ongoing integration trend among brands and panel manufacturers in the upstream LED chip sector [4] - Other companies such as Samsung, AUO, Hisense, BOE, and HKC have also engaged in similar mergers or investments to deepen vertical integration in the industry [1][4][5] - TCL CSOT's Mini LED display production line in Suzhou is expected to commence production in 2025, with a current monthly capacity of 6,000 square meters, aiming to enhance product competitiveness in a competitive market [4]