Last month we reported that Taiwan-based microLED developer PlayNitride is planning to raise $50 million to establish its second microLED production line. According to Digitimes, the company secured the first part of the $50 million financing round, and is starting to construct the second production line.
PlayNitride hopes to start volume production in the new line by Q2 or Q3 2021. This new line will expand the company's microLED production capacity by 2 to 3 fold. Digitimes also updates that by the end of 2021, the company plans for an IPO at the Taiwan Stock Exchange.