Financial - Page 5

AvicenaTech, a developer of microLED-based chip-to-chip interconnects announced its Series A funding. The company raised $25 million from Samsung Catalyst Fund, Micron Ventures, and others.

The company's LightBundle I/O technology is based on arrays of GaN micro-emitters that leverage the microLED display ecosystem and can be integrated onto any high-performance CMOS IC. Avicena says it leverages recent advances in the display industry to enable high volume, low-cost production of highly optimized microLED arrays.

Aixtron announced its financial results for Q2 2022, with the company's highest quarterly order intake since 2011. The company said that it received its first order for tools used in volume production of microLED devices.

Aixtron announced several microLED system orders in the past, but these were R&D or pilot line systems. In 2021 Aixtron said that a US Tier-1 LED producer has selected Aixtron's AIX G5+ C equipment for microLED device production. In February 2022 Wuhan-based HC Semitek selected Aixtron's Planetary AIX 2800G4-TM (IC2) and AIX G5+ C MOCVD systems to produce microLEDs.

Quantum Dots developer Nanosys raised $50 million in its Series B funding, led by Fortress, Centerbridge and Kilonova.

The company says that the new funds will help the expansion of its QD for LCD project, and also accelerate the commercialization of its microLED and nanoLED display technologies.

PlayNitride is planning for an IPO, and if all goes according to plan, the company will issue new shares and will start trading at the newly launched Taiwan Stock Exchange Innovation Board in Q3 2022.

PlayNitride's CEO recently participated in an investor conference, during which he said that the company aims to be break-even (on a monthly basis) by the end of 2023, and to turn a profit in 2024.

China-based LED producer Jucan Optoelectronics announced that it plans to raise 1.2 billion yuan ($178 million USD) to expand its mini-LED and micro-LED R&D and production projects.

We do not have more information on this project, and Jucan's exact plans to produce microLED chips.

Tianma announced plans to establish a 1.1 billion Yuan ($164 million USD) full-process microLED pilot line, in Xiamen. This line will be built by a joint venture between Tianma display, Xiangtou Group and Torch Investment.

In 2021 Tianma held its first "2021 Micro-LED Ecosystem Alliance Conference" in Xiamen, During the conference, the company unveiled several microLED prototype displays, including a 9.38" 960x480 transparent LTPS panel, a 7.56" 720x480 flexible LTPS panel, a 11.6" 2470x960 rigid LTPS display and a tiled microLED display, made from 5.04" 480x320 panels.

China-based MicroLED microdisplay developer Jade Bird Display is building a 650 million Yuan ($92 million USD) display production line in Hefei, China. The construction of the building is already at a final stage.

It is estimated that JBD will be able to annually produce around 120 million panels in this fab. The company's current main product is a 0.13" VGA panel, so it is likely that JBD is referring to 120 million 0.13" panels.

The Korean Ministry of Trade, Industry and Energy is funding a new five-year project that aims to develop microLED display technologies in Korea, to support research at small and medium-sized enterprises and providing services for the industry such as consulting, patent development, and product commercialization strategy programs.

There are four participating organizations in the new project: Electronic Display Industrial Research Association of Korea, Korea Photonics Technology Institute, Korea Electronics Technology Institute, and Korea Automotive Technology Institute. The total project's budget is 18.3 billion Won ($14.8 million USD).

Trinity Capital announced that it has closed $30 million equipment financing line for Aledia, which will use the funds to expand its microLED nanowire growth manufacturing facility, and accelerate its product platform and R&D.

Aledia announced in 2020 that it plans to establish a 140 million euros LED production fab in Champagnier, near Grenoble in France. The company already raised 80 million Euros towards that goal, and the new funds announced will add to that.

Israel-based display characterization and inspection equipment maker InZiv raised $10 million in its Series A1 round, led by Singapore-based VC BlueRed Partners

InZiv says it will use the capital to accelerate its product development of fast EL and PL automated solutions, make strategic company appointments, and expand its global presence.