March 6, Micro- LED display Key technology developer VueReal Inc. announced that the company has initially completed a $10.5 million (equivalent to approximately RMB 66.43 million) Series A round of financing, which is led by a venture capital company owned by a major Asian company and a leading North American supplier. VueReal will use the funds to expand its team and introduce advanced micro device development and feature research centers to accelerate the development of Micro-LED technology. VueReal is currently working hard to complete the A round of financing due to the high attention of major industry partners. jobs.
Display technology Innovators have been watching for the next major technological shift - Micro-LED. Industry analysts are optimistic about the future, predicting that by 2025 Micro LED display The device market is expected to reach 330 million units. The above optimistic forecast is based on the good development prospect of Micro-LED technology. Micro-LEDs are considered to be realized. monitor The key factor of the finished product. However, this display The development of the device is hampered by high material costs, low yields and yields of Micro LED's massive transfer technology.
'Encouraged by investor confidence, VueReal is committed to promoting high-performance, ultra-low power Micro-LED displays that are cost-competitive with other technologies used in smart phones and medium to large display applications,' VueReal Chief Executive Officer Dr. Reza Chaji, the official and founder, said, 'The dramatic reduction in cost has been attributed to VueReal's proprietary 10-micron high-efficiency Micro-LEDs and patented giant transfer process.'
In addition, VueReal stated that the company is working with technology enablers, including Veeco Instruments Inc., a leading innovator in epitaxy and semiconductor equipment, and VueReal, which has developed key technologies and proprietary processes with industry partners such as Veeco to solve the current problems. Many problems in the manufacture of Micro- LEDs to achieve future display applications. 'In terms of technology, we look forward to continuing to use Veeco's expertise for collaborative development work, providing technological breakthroughs for the advancement of the Micro-LED display industry,' Dr. Chaji Added.
'Veeco proved its technical advantages, especially in the development of high quality RGB epitaxy to meet the efficiency, uniformity and yield requirements of Miicro-LED devices', said Dr. Ajit Paranjpe, Chief Technology Officer of Veeco, 'Veeco continues to meet tough technical challenges.' , and collaborate with developers such as VueReal to develop emerging technologies. We are pleased that our cooperation will accelerate the application of Micro-LED displays.
