On August 15, it was announced that Sichuan Hengying Industrial Finance Private Equity Fund Management Co., Ltd.'s managed fund, Sichuan Nanchong Linjiang Industrial Development Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Nanchong Industrial Fund"), completed the B-round investment of 150 million yuan in Anhui Xitai Technology. The funds will be used for the construction of Xitai Technology's 12-inch silicon-based OLED micro-display industrial park in Nanchong.
Image source: Xitai Technology
It is reported that the Nanchong Semiconductor Microdisplay Industrial Park project of Xitai Technology covers an area of 125 mu (approximately 8.3 hectares) and has a total construction area of about 60,000 square meters. The project focuses on building Xitai Technology's second 12-inch silicon-based OLED production line, which mainly engages in the production of silicon-based OLED microdisplay devices. The project started construction in March of this year.
According to available information, Xitai Technology focuses on the research and industrialization of Micro OLED, a core component for near-eye displays in wearable XR. Currently, Xitai Technology has multiple full-color Micro OLED display screens with sizes ranging from 0.23 inches to 1.2 inches and resolutions ranging from 640x400 to 1920x1080, which are widely used in AR, VR, MR and other fields.
It is worth noting that in 2024, Xitai Technology completed multiple rounds of financing, including a Series A funding round that raised as much as 1 billion yuan. (Compiled)
