Ennostar Inc, established in 2021 as a joint venture between Epistar and Lextar, announced that it has decided to restructure and marge Epistar and Lextar into a single company that will be called Ennostar Corp. The merger will formally happen in October 2025.
Ennostar hopes that this move will help to accelerate the company's growth in the high-value-added optoelectronics market, which includes microLED displays, as the company wishes to increase its product range beyond LED devices into high level systems and solutions.
Ennostar is the world's fifth LED producer by revenues ($760 million in 2024, a growth of 9.3% from 2023).
Posted: Feb 25,2025 by Ron Mertens
