Solution Provider Smart Lighting Suppliers

Bright Power (688765.SH) is a research-driven LED driver IC specialist. 71% of headcount is in R&D, the highest ratio in the industry. 2024 revenue RMB 688M; LED backlight driver IC grew +411% in 2024. Released GaN direct-drive LED driver in Nov 2024 — next-generation technology. Highest-power LED driver in mass production: 2,000W. Among the 6 LED driver IC companies that raised prices 10-25% in Jan 2026.

Jingfeng Mingyuan (688368.SH) is China's leading LED driver IC company. 2024 revenue RMB 1.5B; LED driver IC business alone generated RMB 869M with 6.34 billion units shipped (+10.48% YoY). Industry-first breakthrough: became the first Chinese vendor on NVIDIA's recommended power supplier list in 2024. Jan 2026 industry-wide price hike (10-25%) led by 6 companies including this one, due to AI chip demand crowding out 8-inch wafer capacity. Recently completed acquisition of Yichong Technology (wireless charging + automotive power).

Minwei Electronics (688365.SH) is China's leading LED smart landscape driver IC company. 2024 revenue RMB 607M. Dual focus: LED display driver ICs + LED smart landscape driver ICs (outdoor lighting, building facades, bridges, smart street lights). 2024 strategic priorities: stabilize display driver market share, expand smart landscape application scenarios. Among the 6 LED driver IC companies that raised prices 10-25% in Jan 2026. Smart landscape segment is the most price-inelastic in LED — engineering projects care more about specs than price.

Founded in 2007 in Dongguan, WorldSemi is the original inventor of WS2812 — the global standard for smart LED pixel control ICs. Cumulative shipments exceed 4 billion units; the WS2811 series has been #1 globally for 13 consecutive years. 150 fully automated packaging lines, ~10,000 m² facility, ~80M RMB equipment investment. Major customers are all Fortune 500 companies per self-disclosure. Every smart LED strip maker in the world uses WorldSemi ICs or compatible alternatives.