On July 16, Lenovo Capital announced that Westlake Yanshan Technology (Hangzhou) Co., Ltd. (hereinafter referred to as "Yanshan Technology") recently completed a Pre-A round of financing of nearly 100 million yuan, jointly invested by Shenzhen Capital Group, Ivy Capital, Moganshan Fund, and Lenovo Capital. The funds will be used for the development of the company's vertically stacked monolithic full-color Micro LED products and the construction of mass production lines.
Image source: Lenovo Capital
According to public information, Yanshan Technology was established in May 2022 and focuses on the development of Micro LED technology. It has independently developed a number of core technologies such as wafer-level three-color thin film integration, hybrid bonding, and high-throughput epitaxial growth, which can provide Micro LED full-color display chips with high luminous efficiency, low energy consumption, wide color gamut and long life.
In the field of micro-displays, Yanshan Technology provides module products, mainly used in AR glasses, micro-projection and other scenarios. Its micro-display customers include AVIC Group, BYD, Sunny Optical, Goertek, Rokid, and Thunderbird. In the field of direct display, Yanshan Technology mainly provides chip products, covering a variety of applications such as commercial displays, TVs, watches, and transparent screens. Its customers include Samsung, BOE, CSOT, and Tianma.
It is worth noting that in January of this year, Yanshan Technology signed a cooperation agreement with Deqing County, Huzhou City, Zhejiang Province, for a Micro LED chip project. This project focuses on the research and development of high-density full-color AR/VR Micro LED chips, employing wafer-level three-color thin-film integration technology to improve process yield and simplify the manufacturing process.
Regarding this investment in Yanshan Technology, Lenovo Capital stated that it views XR as one of the most important next-generation computing platforms, and that the company is focusing on hardware terminal innovation, content ecosystem building, and breakthroughs in core interactive technologies. Through this investment, Lenovo Capital will work with Yanshan Technology to accelerate the development of display technology. (Source: Lenovo Capital, compiled)
