High-end display target company Olai New Materials receives Series C investment

Recently, Guangdong Oulai High-tech Materials Co., Ltd. (Oulai New Materials), a high-end display target company, received a C round of investment from SDIC Venture Capital. This round of investment will be mainly used for the company's new product and new technology research and development and market development.

High-purity sputtering targets mainly refer to metal or non-metal targets with a purity of 99.9%-99.9999%. They are used in the physical vapor deposition (PVD) process for the manufacture of electronic components and are key materials for the preparation of electronic thin films on the surfaces of wafers, panels, solar cells, etc.

Founded in 2010, Olai New Materials is a national high-tech enterprise integrating the research and development, production and sales of high-end sputtering targets. The company's main target materials are high-performance thin film new materials. Olai New Materials' products are widely used in semiconductor displays (TFT, OLED), semiconductor chips, photovoltaic solar energy, low-emissivity glass, optical communications, decorative plating tool plating, computer hard drives and other industries.

According to information from SDIC Venture Capital, Olai New Materials is one of the few all-round enterprises in China and even in the world that can produce a full range of TFT display target materials including rotated ITO/planar ITO, rotated aluminum/planar aluminum, rotated molybdenum/planar molybdenum, and rotated copper/planar copper.

It is reported that the company's customers include BOE, CSOT, HKC, Foxconn, etc.

SDIC Venture Capital said that as a leading domestic target material company in the domestic semiconductor display industry, Oulai New Materials has broken the monopoly of European, American, Japanese and Korean manufacturers on semiconductor display targets through more than ten years of technological accumulation. It can now supply a full range of targets for the semiconductor display industry. The next step will be to further advance into the field of semiconductor chip targets and the localization of ultra-high purity metal raw materials based on the existing advantages. By investing in Oulai New Materials, SDIC Venture Capital will further consolidate its overall layout in key links in the semiconductor field, form a good upstream and downstream linkage with the invested projects, and contribute to enhancing the stability and competitiveness of the semiconductor material industry chain and supply chain.