Yanshan Technology completed Series A financing and focused on the R&D and mass production of Micro LED display chips

According to news on April 1, West Lake Yanshan Technology (Hangzhou) Co., Ltd. recently announced the completion of Series A financing. This round of financing was led by Haiwang Capital, with participation from a number of market-oriented institutions such as Oriental Jiafu, Ivy Capital, and Jiupai Capital, with Chuang Ling Capital serving as a long-term financial advisor.
It is understood that the financing funds will be mainly used for product iteration of the 8-inch gallium nitride on silicon mass production line, solving the mass production bottleneck problem in the Micro LED industry and promoting the commercial delivery process. At the same time, the company will also increase investment in the research and development of next-generation high-performance products, further consolidate its technological advantages, and accelerate the dual-track industrial development of direct display and micro display.

The relevant person in charge of Haiwang Capital stated that Micro LED as a new display technology is gradually realizing industrialization, and Yanshan Technology has made important progress in Micro LED red light materials and full-color display solutions. We look forward to the company playing an important role in the field of "micro display + direct display".

It is reported that Yanshan Technology was established in May 2022 and focuses on the R&D and mass production of Micro LED display chips. It has core technologies such as MOCVD material growth, semiconductor thin film integration, hybrid bonding and three-color vertical stacking, and is committed to developing semiconductor active light-emitting full-color Micro LED chips and modules. Currently, Yanshan Technology has been recognized as a national-level technology-based small and medium-sized enterprise.

In terms of technology research and development, Yanshan Technology adopts full gallium nitride vertical stacking technologyroute, making breakthroughs in the research and development and industrialization of full-color Micro LED chips. Among them, the construction of the trial production line is progressing smoothly, and it has established cooperative relationships with a number of industrial chain companies.

Representatives from investment institutions said that Micro LED chip products are entering a critical period of technological breakthrough and market demand growth. Yanshan Technology has made progress in the mass production of full-color products, and its chip products with both cost and performance advantages will promote the development of the industry. As an early investor, the continued investment in this round reflects confidence in the company’s future development.

After completing this round of financing, Yanshan Technology will continue to promote the technological upgrade of the 8-inch mass production line, accelerate the commercialization process, and promote the industrial development of direct display and micro display. As a new generation of display technology, Micro LED has the advantages of high brightness and low power consumption, and has broad application prospects. Yanshan Technology is expected to promote the industrialization process of Micro LED through core technology breakthroughs. This financing will help Yanshan Technology improve its mass production capabilities and accelerate the pace of product commercialization.