Hong Kong based microLED microdisplay developer Raysolve Technology announced that it raised $10 million USD in its Pre-Series A Financing Round. The funding will be used to scale up its R&D activities and initiate production of its first microdisplays.

In the last 6 months, Raysolve raised almost $15 million from an angel investor (Source Code Capital) and VCs. This new funding round was led by Gaorong Capital along with Glory Ventures.

According to reports from Korea, Samsung Display recently approached AU Optronics with a request to develop a 12.7" microLED LTPS TFT backplane to be used in Samsung's MicroLED TVs.

These new backplanes will be used in Samsung's 2022 microLED TVs. This will be a change from Samsung's current microLED TVs that use printed circuit boards (PCBs), and will allow Samsung to release TVs with higher pixel densities, and thus enable smaller 4K TVs. According to the report, Samsung's plan is to launch 89-inch, 101-inch and 114-inch LTPS-based microLED TVs in 2022.