Xianyao Display received hundreds of millions of yuan in Series A financing, which will be used for Micro LED micro-display chip research and development, etc.

According to 36Kr, Shanghai Xianyao Display Technology Co., Ltd. (hereinafter referred to as "Xianyao Display") has completed a round A financing of hundreds of millions of yuan, led by Tongchuang Weiying. The financing funds will be used for the research and development and mass production of Micro LED micro display chips for AR application fields.

Xianyao Display was founded in 2015. Different from most of the "mass transfer" technology solutions on the market, its self-created hybrid integrated circuit patented technology prepares micro display devices at the wafer level, focusing on the research and development and production of micro display screens below 0.5 inches; it mainly provides products and solutions for near-eye display AR, MR, head-up display, micro projector 3D printing exposure and other applications.

The company is committed to the research and development and production of MicroLED chips and panels. Its products have advantages in high luminous efficiency, high brightness, high frame rate, high reliability, low cost, small size and other aspects. They are indispensable core components of the next generation of new information display products. The products can cover 70% of the near-eye display application market, and its existing customers include many global consumer electronics giants.