In July 2019 Taiwan-based microLED developer PlayNitride raised $50 million to start trial production of microLED displays. The company now says it seeks to raise over $100 million more as it will require large funds to initiate mass production.
PlayNitride is considering several production models - from constructing its own production lines, through a joint-venture with strategic partners to the licensing of its technology. The main goal of the company is to start production as soon as possible. The company hopes mass production can begin by the end of 2020.