Digitimes reports that PlayNitride raised $50 million and is ready to start trial production of micro-LED chips by the end of August 2019. PlayNitride will increase its headcount by 100 employees.
PlayNitride told Digitimes that it achieved a yield rate of 99.9% in its LED transfer (pick-and-place) process. Using mass repair technologies, the company is certain it can achieve commercial viability of its process. The company's mass transfer speed is 10,000 chips per second. This means that for a Full-HD (1920x1080) display it will take just over 10 minutes to transfer the LED chips. A 4K display will take just over 40 minutes.