Financial

US-based signage developer Daktronics announced that it will introduce several manufacturing and operating changes, aiming to save up to $18 million. The changes, which the company expects to finish by 2028, including a closure of its Ireland manufacturing unit, production realignment in the US, China and Mexico, a closure of its Hong Kong and Macau offices - and a reduction in its microLED development efforts

Daktronics is not giving up on microLED altogether - it says it plans to retain its acquired microLED IP, and "preserve opportunities for future commercialization".

China-based full-color microLED microdisplay developer VIJO Optoelectronics announced that it has secured a major financing round of "hundreds of millions of yuan". The company did not detail the exact amount, but we can assume is in the area of $50-100 million USD. This quickly follows the company's $14 million round announced only two months ago.

VIJO (also known as Weijiu Optoelectronic Technology) also detailed its upcoming pilot line in Beijing. In early 2026, the company inaugurated its pilot line and produced first 0.12" microdisplay samples. Now, following this new, larger financing round, the company plans to build an expanded line (still considered a pilot), that will have a yearly capacity to produce 48,000 4" wafers.

In September 2025, we reported that Kopin was awarded $15.4 million from the US Department of Defense to develop ultra-bright, full-color MicroLED displays for military AR applications. That project is focused on creating displays optimized for ground soldier AR systems that function effectively in various lighting conditions. The funding builds upon Kopin's existing microLED work with the military.

Kopin now announced a new $18.6 million US Army Industrial Base Analysis and Sustainment (IBAS) project, to advanced its color microLED microdisplay technology. The latest award brings Kopin’s total IBAS funding to $34 million. 

MicroLED-based optical I/O developer Avicena raises $10 million from Korea-based Intervest. Avicena raised $130 million today, with its previous $65 million round B announced last year.

In March 2026, Avicena launched an evaluation platform for its microLED optical connectivity using ASIC-based transceivers with integrated microLED, photodetector (PD) and micro-lens arrays connected via a multi-core fiber bundle. The kit integrates 320 microLED data channels operating up to 3.5 Gbps. 

Raysolve Optoelectronics has successfully raised almost 100 million RMB ($15 million USD) its pre-A4 financing round, led by CMB International Capital, with participation from FinTrek Capital and an unnamed industrial investor.

Raysolve says the funds will be used to accelerate its R&D and product development, and also its industrial outreach, in both microLED AR microdisplays and microLED optical I/O. 

China-based microLED microdisplay developer Star Key Semiconductor has completed its latest funding round, raising over 1 billion RMB - or around $150 million USD. The round was led by CATL’s Puquan Capital, with participation from Meituan Longzhu, Guotai Haitong, Youshan Capital, CDH Hong Kong, and two (Chongqing and Jiangsu) state-owned investment firms.

In December 2025, Star Key inaugurated its microLED production line in Wuhan. This line is based on 8-inch GaN-on-Silicon microLED wafers, and will produce microLED microdisplays. The yearly capacity is around 12,000 wafers.

Taiwan-based MicroLED developer PlayNitride held its Q2 2026 investor conference call, during which it updated on its financials - and also on its major projects and customers. PlayNitride reported revenues of 150 million TWD ($4.7 million USD), down 26% from Q2 2025 ($6.3 million) and slightly up then the first quarter of 2026 ($4.4 million).

First, PlayNitride says that its current business is quite steady. It is supplying microLED chips to both Samsung's direct-emission microLED TVs, and also to the Garmin Fenix 8 Pro smartwatch (produced by AUO). 

China-based full-color microLED microdisplay developer VIJO Optoelectronics announced that it has secured almost 100 million RMB (around $14 million USD) in its latest funding round.

New investors in VIJO include Hainan Sprout Capital, Appotronics Corporation Limited, Beijing Economic-Technological Development Area Seed Investment Fund. 

Ennostar reported its financial results for Q2 2026, with a 20% revenue growth, and an operation loss (but a net income due to an asset sale). Ennostar says that its operating loss was due to Intense competition and industry overcapacity.

Looking forward, Ennostar says it expects its microLED display business to grow "by multiples" from 2025, driven by higher demand for AR and VR microdisplays from its US and European customers.

UK-based Cubic GaN microLED developers Kubos Semiconductors announced that it has raised $2.1 million, to accelerate the development of its cubic-phase GaN platform. 

Kubos has raised over $8 million US to date, and the company says that the new round will enable it to enter the microLED market within 3 years, through IP licensing of its technology.