China-based display maker Konka announced it is building a micro-LED research and development center in Chongqing, China. Total investment in this initiative is around $365 million, out of which Konka will invest $215 million (the rest is contributed by the local government)
These funds will be used to purchase micro-LED production equipment, R&D and also to increase the production of support the sale of Micro-LED related products. Konka hopes that this investment will propel it to leadership in the microLED industry. Konka believes that Micro-LED will become the leading technology for ultra-high quality consumer TVs.
Konka recently launched tiled large micro-LED displays called APHAEA brand. Konka demonstrated several possible configurations - including 118" 4K and 236" 8K. The price of a 118" 4K display is around $240,000 while the 236" 8K TV costs $1.25 million. Click here for more information on Konka's APHAEA micro-LED TVs.