Visionox's microLED spin-off, Vistar (also known as Chenxing Optoelectronics), announced that it has successfully raised its Series B funding round, led by CICC Capital's Sichuan Advanced Manufacturing Guide Fund. Other participants include CCB Investment, Source Code Capital, and Chengdu Science and Technology Investment.
Vistar did not disclose the actual raised amount, but we know that the funding round totaled "hundreds of millions of Yuan", so it is likely to be in the range of $30 million to $130 million USD. The company says the funds will be used to accelerate its microLED ramp-up towards mass production.
Last year Vistar demonstrated its latest and largest microLED display to date - a 8K LTPS 270" tiled display
In 2018 Visionox demonstrated its first Micro-LED display, since then the company progressed in its R&D and production capabilities. In 2024, Visionox demonstrated a 88-inch 0.5 mm tiled display, made from 14.5-inch tiles.
In 2021, Visionox's Vistar announced that its full-process pilot microLED production line is now capable of producing displays, from driver backplane, through transfer process to full module production. The LED chips themselves are produced by a third party.
In September 2024, Vistar updated that it has started to move in new equipment to its V-Star production line, with an aim to increase production capacity.
