Memory squeeze leaves Brightek short on chips; Chinese automakers line up for Nantong plant

LED packaging manufacturer Brightek Optoelectronic expects its automotive revenue share to exceed 60%, up from around 50%, following the opening of its Nantong plant and higher shipments. Its third-quarter 2026 gross margin is projected to recover to 30%, although tight mature-node logic IC supplies, constrained by foundries prioritising higher-margin memory products, have complicated its efforts to meet growing automotive orders.