Diodes Incorporated shares rise 3.16% after-hours after launching new automotive-compliant LED driver.

Diodes Incorporated rose 3.16% in after-hours trading, with the company announcing the launch of its new automotive-compliant AL5958Q matrix LED driver. This 48-channel constant current source, capable of up to 32 scans, is designed to enable the automotive dynamic lighting revolution, improving safety, personalization, and aesthetics in new vehicle platforms. The device is particularly suited for narrow pixel mini- and micro-LED displays, which require multiple RGB LEDs to produce animated, dynamic lighting with data and information.