Financial

PlayNitride is now a public company, trades at the Taiwan Stock Exchange, discloses its latest financial results

PlayNitride debuted on the Taiwan Stock Exchange, and the company, now public, trades on the Taiwan Innovation Board - this is the first company on the new board. The ticker for PlayNitride is 6854.

PlayNitride SID Displayweek 2022 booth and 132-inch microLED tiled display

PlayNitride revealed that in 2021 it posted a net loss of around $40 million USD. In the first seven months of 2022, its revenues reached around $7.3 million USD, up 255% from the same period in 2021. The Company also revealed that it currently produces between 1,500 to 2,000 6-inch microLED wafers each month. PlayNitride expects to turn a profit in 2023.

Read the full story Posted: Aug 18,2022

Green GaN microLED developer Kubos Semiconductors raises $600,000

UK-based Kubos Semiconductors raised $605,000 to launch its cubic-GaN LED technology into new markets, such as microLED displays.

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Kubos Semiconductors bridging the green gap

Kubos says that its unique cubic-GaN technology can increase light output (and efficiency) of green LEDs. Kubos operates in a fabless model and says that its technology is fully compatible with standard LED development process on large wafers, offering lower cost volume production. Kubos is also looking to use the technology to produce red GaN LEDs.

Read the full story Posted: Aug 14,2022

JBD finalizes its Series A3 financing round

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.

JBD production line in Hefei (Render)

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.

Read the full story Posted: Aug 13,2022

Epistar to invest $122 million USD to build 150 mm microLED epiwafer capacity

According to Ennostar, the company intends to invest around $122 million USD in its Epistar subsidiary, with an aim to setup a production capacity of 150mm microLED epitaxial wafers. The investment will be performed in several stages.

Ennostar also updates that Epistar has completed its mini LED chip production capacity, but the demand for such chips is lower than expected, and so the company's mini LED production utilization is not at 100%.

Read the full story Posted: Aug 11,2022

Avicena plans to use microLEDs for optical interconnects, raises $25 million

AvicenaTech, a developed of microLED-based chip-to-chip interconnects announced its Series A funding. The company raised $25 million from Samsung Catalyst Fund, Micron Ventures, and others.

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Avicena microLED optical interconnects render

The company's LightBundle I/O technology is based on arrays of GaN micro-emitters that leverage the microLED display ecosystem and can be integrated onto any high-performance CMOS IC. Avicena says it leverages recent advances in the display industry to enable high volume, low-cost production of highly optimized microLED arrays.

Read the full story Posted: Aug 04,2022

Aixtron receives its first order for tools used for volume production of microLEDs

Aixtron announced its financial results for Q2 2022, with the company's highest quarterly order intake since 2011. The company said that it received its first order for tools used in volume production of microLED devices.

Aixtron announced several microLED system orders in the past, but these were R&D or pilot line systems. In 2021 Aixtron said that a US Tier-1 LED producer has selected Aixtron's AIX G5+ C equipment for microLED device production. In February 2022 Wuhan-based HC Semitek selected Aixtron's Planetary AIX 2800G4-TM (IC2) and AIX G5+ C MOCVD systems to produce microLEDs.

Read the full story Posted: Jul 28,2022

PlayNitride hopes to go public in Q3 2022, will be break even by the end of 2023

PlayNitride is planning for an IPO, and if all goes according to plan, the company will issue new shares and will start trading at the newly launched Taiwan Stock Exchange Innovation Board in Q3 2022.

PlayNitride SID Displayweek 2022 booth and 132-inch microLED tiled display

PlayNitride's CEO recently participated in an investor conference, during which he said that the company aims to be break-even (on a monthly basis) by the end of 2023, and to turn a profit in 2024.

Read the full story Posted: Jun 26,2022

Tianma to build a $164 million full-process pilot microLED production line in Xiamen

Tianma announced plans to establish a 1.1 billion Yuan ($164 million USD) full-process microLED pilot line, in Xiamen. This line will be built by a joint venture between Tianma display, Xiangtou Group and Torch Investment.

In 2021 Tianma held its first "2021 Micro-LED Ecosystem Alliance Conference" in Xiamen, During the conference, the company unveiled several microLED prototype displays, including a 9.38" 960x480 transparent LTPS panel, a 7.56" 720x480 flexible LTPS panel, a 11.6" 2470x960 rigid LTPS display and a tiled microLED display, made from 5.04" 480x320 panels.

Read the full story Posted: Jun 23,2022