PlayNitride to raise $50 million to establish a second production line, first microLED wearable displays expected to ship in 2021
In July 2019 Taiwan-based microLED developer PlayNitride raised $50 million to start trial production of microLED displays. According to a new report from Taiwan, the company plans to raise an additional $50 million by the end of September 2020 to funds it second microLED production line.
PlayNitride started volume production at its first production line in 2019, for small wearable displays, and the first displays are now being "validated" by customers. Shipments are likely to begin next year.