SmartKem shares surge 17.75% premarket after unveiling MicroLED-in-Package backlight at IDW Japan.

SmartKem surged 17.75% in premarket trading following its announcement to debut a disruptive MicroLED-in-Package (MiP4) backlight technology at the 32nd International Display Workshops in Japan. The company highlighted MiP4’s potential to revolutionize the $65B LCD market by offering higher brightness, lower power consumption, and reduced production costs through a proprietary low-temperature manufacturing process. Key details included MiP4’s compatibility with existing MiniLED equipment, a 400-zone backlight achieving 34,047 nits peak brightness, and reduced GaN usage by 84% compared to COB methods. The presentation by Head of Technology Transfer Steven Tsai, alongside prior showcases at industry events, signaled strong market readiness and strategic positioning in next-gen display technologies, likely driving investor optimism.