Daktronics, Inc. (DAKT) announced Tuesday that it's going all-in on MicroLED technology, acquiring intellectual property, equipment assets, and technical talent from X Display Company Technology Limited (XDC), a specialist in mass-transfer processes and MicroLED systems.
The company didn't disclose what it paid, but this isn't exactly a blind date—Daktronics has been investing in XDC since 2020, so they've had plenty of time to kick the tires.
For those unfamiliar, Daktronics is the Brookings, South Dakota company behind those massive video screens you see at sports venues and concert halls. They design and build dynamic display systems and control infrastructure for clients worldwide. Now they're making a serious push into next-generation display technology.
What's in the Box
The acquisition includes XDC's proprietary mass-transfer and MicroLED fabrication technologies, plus specialized manufacturing equipment for building MicroLED and MicroIC displays. But perhaps the most valuable piece? The 15 engineers with deep expertise in mass-transfer processes, MicroLED development, and MicroIC design who are joining the Daktronics team.
Why does this matter? MicroLED screens offer some compelling advantages over traditional LCD solutions: brighter images, better contrast ratios, greater energy efficiency, and longer operational life. Daktronics believes these qualities will give them an edge in both large-scale and medium-sized screen markets.
The timing looks strategic. Industry research firm Futuresource projects the narrow pixel pitch (NPP) segment—which includes some MicroLED systems—could reach approximately $12 billion by 2029. That's a substantial market opportunity, and Daktronics says this acquisition positions them to capture demand across both high-volume installations and smaller display projects.
Interim President and CEO Brad Wiemann framed the move as reinforcing the company's commitment to leading in next-generation display technology. He emphasized that bringing this technical talent in-house significantly strengthens Daktronics' engineering capabilities.
DAKT shares closed at $18.91 on Tuesday, up 1.18%.