In May 2025, HCCH, a subsidiary of PhiChem Corporation, officially signed an “Asset Acquisition and Capital Increase Agreement” with global leading liquid crystal materials company JNC Group (formerly Chisso Corporation).
Under the agreement, HCCH will acquire 100% equity of JNC Suzhou and obtain all core patents related to display liquid crystal materials held by JNC. Meanwhile, JNC will also become a strategic investor in HCCH, acquiring a 5.10% equity stake.
This transaction represents an important strategic move by the PhiChem Group to optimize its industrial structure and strengthen resource integration, significantly expanding its footprint in the display materials sector. In today’s technology-driven lifestyle, displays have become an essential interface for human–machine interaction. From smartphones and tablets to automotive displays, nearly all terminal applications rely on display technologies, making the era of “everything with a screen” a reality, with display materials serving as a critical foundation of the industry.
JNC, formerly Chisso Corporation, has focused on liquid crystal display materials since the 1970s and has over fifty years of R&D expertise in the field. As a pioneer in fluorinated liquid crystal materials, it has long served the mid-to-small size high-performance display market, with extensive product experience and patent reserves in applications such as automotive displays, smartphones, and tablets.
HCCH is one of the leading domestic suppliers of liquid crystal materials in China, with a mature industrialization system and a stable customer base. It has become one of the major global suppliers of TFT display mixed liquid crystal materials.
Through this collaboration, the PhiChem Group aims to establish a dual-engine strategy across both large-size and small-to-medium-size liquid crystal material segments, comprehensively covering core display application scenarios and further expanding its market presence. Looking ahead, PhiChem Corporation and HCCH will continue to increase investment in technological innovation in the display materials sector, actively explore emerging applications, and drive the industry toward higher-quality and sustainable development, contributing to the advancement of China’s display industry to a higher global level.