Magna and Rohinni form joint venture for micro LED lighting
Magna Electronics and Rohinni LLC formed a joint venture to produce ultra-thin micro LED lighting solutions that are reportedly brighter, lighter, and more energy-efficient than alternative technologies, including organic light-emitting diode (OLED).
The Magna-controlled joint venture (JV), Magna Rohinni Automotive, combines Magna's electronics manufacturing expertise with exclusive use of Rohinni's lighting technology in mobility industries. The joint venture will be based in Holly, MI.
Rohinni says its thin-film micro and mini LEDs can be used for almost any application. Additionally, the company has developed technology to place micro LEDs onto a substrate surface with the speed and accuracy needed to support high-volume production. The joint venture intends to bring micro and mini LED-based products to market more quickly and cost-effectively.
Magna has also made a minority equity investment in Rohinni based on the promising application of its micro and mini LED technology in a range of other industries, applications, and products.
"This joint venture with Rohinni brings thin, flexible lighting technology that mobility has not seen before," said Magna CTO Swamy Kotagiri. "Current automakers, new mobility companies, other lighting suppliers, and Magna's own product groups all stand to benefit from this collaboration."