Set North is a focus on the field of panel design IC company, the company's products focus on LCD, OLED, LED and other different directions, different application areas of the display panel driver, power management and peripheral chips for the panel and intelligent terminals The customer provided panel-related complete chip solutions.The company completed several hundred million yuan of round B financing by the end of 2016. In the same year, with the support of its partner Yizhuangguotou, the company acquired the American panel power management IC design company iML for a consideration of 150 million U.S. dollars.
The round of financing by the Prime Investment Leading Investment, Venture Capital, Beijing State Control Center, Zhe Ling Investment, TCL Capital and other investors to participate in the current round of investment which British Tang intellectual control December 22 evening announcement, the company use its own Capital of RMB30 million Capital increase through Suzhou Zhensilinkong Investment Partnership to Beijing Ji Chong Bei Fang Technology Co., Ltd. (hereinafter referred to as 'Settle the North'). Upon completion of the capital increase, the registered capital of Settle North increased to RMB262 million Yuan This round of investment reflects the investor's strategic recognition of the company's strategic layout, technical strength and management team ability.Under the support of investors, the company will continue to increase R & D investment and continuously enhance product competitiveness.
Spirit Investment is a well-known equity fund management institutions, government-led fund management institutions and innovative venture capital resources aggregation platform.This round of financing is funded by the Spirit Investment Beijing integrated circuit manufacturing and equipment fund lead investment.Industry Venture is a national development and investment The company's investment platform focused on high-tech fields, the current round of investment by the SDIC's National Science and Technology Major Special Effects Transformation Fund to participate in. Beijing National Control Center (Beijing State-owned Capital Management Center) is wholly owned Beijing State-owned Assets Supervision and Administration Commission of State-owned large Investment holding platform, the current round of investment by the Beijing Guorui Fund under the management of participation.Zhe Ling investment is a leading integrated asset management company, focusing on China's high-quality corporate equity investment, asset management (mergers and acquisitions), quantitative hedging and other investments Business TCL Capital is a wholly-owned subsidiary of TCL Group, a major investment platform for TCL Group, a controlling shareholder of Huaxing Power, one of the major domestic panel companies.
The round of financing will consolidate the company in the field of domestic panel IC leader.For a long time, the slow development of China's IC field, the international giants in the market and technology constraints, the domestic business development has repeatedly been limited.In recent years, as countries Policy support and guidance, the Chinese drive IC industry to usher in the development of the east wind, many enterprises seize the opportunity to head-on, gaining a piece of their own world, set to create the North is one of the model .2008 was established at the beginning, careful layout, 2012 From now till now, the performance has doubled every year, with a compound annual growth rate of nearly 200%. In 2016, the annual sales volume reached 800 million yuan and the revenue in 2017 is expected to reach 1 billion -12 billion yuan.
Into 2017, the full screen mobile phone usher in rapid growth, according to market research data show that this year the global full screen smart phone shipments scale of about 130 million to 150 million units, the penetration rate reached 10%; and is expected in 2020, high-end models Will basically carry all the full screen, full screen mobile phone is expected to reach 900 million, penetration rate of more than 55%.
According to iHS statistics, since the second quarter of 2016 TDDI chips began to grow rapidly, with a 200% growth in 2017 and an overall market of 100 million Predict that by 2020, the global TDDI quantity will reach 654 million.
It is expected that from the second half of this year, the penetration rate of TDDI + full screen will rapidly increase and will become the mainstream among the high-end models of domestic first-line mobile phone brands.
Last year, JTI started the launch of ICNL9920, the first ITD chip in China. Nowadays, ICNL9911, a new ITD chip, has been launched for the challenge of full screen design. This chipset once again led CTIL to lead the industry trend once again and formed a more Perfect layout.