According to reports from China, MicroLED microdisplay developer Jade Bird Display has successfully raised its A4 strategic financing round. It is reported that together with the A3 round which closed last year, the company raised "hundreds of millions of Yuan" (which could mean anything from $30 million USD to $130 million).
JBD's investors include Alibaba, Samsung, BYD and Geely. BYD is said to be working with JBD to develop MicroLED automotive applications.
JBD recently announced that its $92 million production line in Hefei is starting production. The production line's total capacity is 120 million 0.13" panels, but it hasn't yet reached its full capacity. According to the new reports, the company employs over 500 people, mostly technicians and R&D engineers.
JBD recently announced that it has developed a new red microLED emitter, that offers up to 750,000 nits of brightness at 2 micron sizes, and also that the company is developing native full-color microLED microdisplays.
