China-based MicroLED microdisplay developer Jade Bird Display secured its Series A3 financing round, co-led by Eight Roads and Lightspeed China Ventures. JBD raiased "several hundred million Yuan", which could mean anything from $30 million USD to $130 million.
In June 2022 it was reported that JBD is building a $92 million USD display production line in Hefei. The production line will have an annual capacity of around 120 million panels (likely JBD's 0.13" monochrome variant). JBD recently announced that it has developed a new red microLED emitter, that offers up to 500,000 nits of brightness at 2 micron sizes, and also that the company is developing native full-color microLED microdisplays.