China-based display driver IC designer Viewtrix Technology is set to IPO at the Hong Kong stock exchange (Main Board), and as part of the process, the company has disclosed its financial performance and market position.
The company estimates that it is China's leading AMOLED display driver IC producer. In the OLED microdisplay backplane market, it ranks second in the world, holding a 40.7% global market share (the company quotes market information from Frost & Sullivan).
Viewtrix shipped 51.4 million AMOLED driver ICs in 2024 (up from 14.1 million in 2022), generating almost $130 million USD in revenues (up from $80 million in 2022). Viewtrix is set to grow in 2025, saying it reached almost $130 million in revenues in the first ten months alone.
Viewtrix finally revealed that a 'leading global brand' has chosen it to be the exclusive AMOLED driver IC supplier for a "next-generation product".
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