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Micro-LED industry company "Stan Technology" announced the completion of pre-A round of financing

Micro-LED industry company "Stan Technology" announced the completion of pre-A round of financing

  • Categories:Industry News
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  • Time of issue:2021-01-04
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(Summary description)Recently, the new Micro-LED semiconductor display technology company "Stan Technology" announced the completion of the pre-A round of financing. The investor in this round is SMIC, with Sina Capital acting as the exclusive financial advisor. Micro-LED is a new generation of semiconductor display technology based on compound semiconductors and integrated circuit chips. Due to its self-luminous, low energy consumption, high brightness, high response, long life, high stability, etc., and easy realization of ultra-high-definition ultra-thin display, transparent and flexible and under-screen sensors and other applications, Micro-LED is Recognized as the most promising next-generation display after OLED

Micro-LED industry company "Stan Technology" announced the completion of pre-A round of financing

(Summary description)Recently, the new Micro-LED semiconductor display technology company "Stan Technology" announced the completion of the pre-A round of financing. The investor in this round is SMIC, with Sina Capital acting as the exclusive financial advisor. Micro-LED is a new generation of semiconductor display technology based on compound semiconductors and integrated circuit chips. Due to its self-luminous, low energy consumption, high brightness, high response, long life, high stability, etc., and easy realization of ultra-high-definition ultra-thin display, transparent and flexible and under-screen sensors and other applications, Micro-LED is Recognized as the most promising next-generation display after OLED

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2021-01-04
  • Views:0
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Recently, the new Micro-LED semiconductor display technology company "Stan Technology" announced the completion of the pre-A round of financing. The investor in this round is SMIC, with Sina Capital acting as the exclusive financial advisor.

Micro-LED is a new generation of semiconductor display technology based on compound semiconductors and integrated circuit chips. Due to its self-luminous, low energy consumption, high brightness, high response, long life, high stability, etc., and easy realization of ultra-high-definition ultra-thin display, transparent and flexible and under-screen sensors and other applications, Micro-LED is It is recognized as the most promising next-generation display device after OLED, and is also known as the ultimate display technology.

Since Apple's wholly-owned acquisition of Micro-LED technology company Luxvue in 2014, the pace of global innovative companies' deployment of Micro-LED has continued to accelerate. In addition, highly influential companies include GLO (funded by Google), which was independent from Lund University in Sweden, and InfiniLED, which was acquired by Oculus.

Samsung, SHARP, Sony, Foxconn, TSMC, Osram, Taiwan's PlayNitride and other industries have also jointly promoted the process of Micro-LED industrialization through mergers and acquisitions or self-research. The technology maturity trend has gradually emerged, and it is expected to be within 2 to 5 years It is expected to realize the mass production application of Micro-LED display in consumer electronic products.

Returning to the domestic field of vision, in recent years, large display manufacturers such as BOE and China Star Optoelectronics, as well as downstream application manufacturers such as Konka and Huawei, have increased investment in this field and actively deployed next-generation display technologies. According to relevant statistics, since 2019, domestic panel manufacturers have invested 38.2 billion yuan in Mini/Micro-LED fields. In Taiwan, Apple is also expected to invest US$330 million to establish a Micro-LED production plant in the form of JV in the Hsinchu Academy of Sciences with Joint Wafer Optoelectronics and AU Optronics to improve its mass production process and supply chain.

As one of the first teams in the world to carry out research on Micro-LED technology, Stan Technology has been actively engaged in intellectual property layout and technological innovation in upstream and downstream fields such as materials, chips, drivers, and key devices since it received the seed round of investment from SAIF Fund in 2018. , Gradually established barriers to competition, and established in-depth cooperative relations with Southern University of Science and Technology, Hong Kong University of Science and Technology, and Taiwan Jiaotong University, which have always attracted the attention of academia and industry. In 2020, the company received another tens of millions of investment from the industrial capital SMIC Juyuan, which means it is in the forefront of the industrialization of Micro-LED display technology.

It is worth noting that the three founders of Stan Technology graduated from the Hong Kong University of Science and Technology, one of the world's "Three Birthplaces of Micro-LED", and then engaged in related research in the display field at Southern University of Science and Technology. The founder, Dr. Zhaojun Liu, received his Ph.D. from the Hong Kong University of Science and Technology. Optoelectronics Technology Center in 2011. He is one of the first researchers in the world to engage in GaN Micro-LED technology. During his Ph.D. and subsequent careers, he continued to cultivate in the field of Micro-LED, and many of his achievements were world-leading. In 2020, SID (International Information Display Society), the most authoritative organization in the global display field, awarded Dr. Liu the Peter Brody Prize for his outstanding contributions in the field of Micro-LED.

Co-founder-Qiu Chengfeng, Ph.D., Department of Materials, Xi'an Jiaotong University, worked as a post-doctoral researcher at the State Key Laboratory of Advanced Display, Hong Kong University of Science and Technology from 1999 to 2003. During the period, he engaged in LCD and OLED materials and device research and development work and achieved many outstanding results; In addition, Dr. Qiu has rich experience in industrialization. He once worked for DuPont Display and Feiguang Technology Co., Ltd., and served as the chairman of a state-owned display company for more than ten years after returning to China. After four generations of display technology, he was selected as the national Specially-appointed experts and enjoy special allowances from the State Council.

Co-founder, Dr. Sun Xiaowei, received his Ph.D. from Hong Kong University of Science and Technology in 1998, and then worked at Nanyang Technological University in Singapore for many years, engaged in research on new display and quantum dot technology, and was selected as SID/OSA/SPIEFellow, focusing on promoting Micro -The application of LED color technology is a leader in the field of quantum dots in China.

For this round of financing, Liu Zhaojun, chairman of Stan Technology, said: Micro-LED is a rare development opportunity in my country's high-tech field, Stan Technology is very honored to be an important part of the industrial chain. We are confident and capable of conquering core technologies such as Micro-LED chips, mass transfer, active driving, and colorization. We look forward to in-depth cooperation with domestic and even global upstream and downstream, and we will not fail the expectations of SMIC Juyuan and SAIF Fund. .

Regarding this financing, SMIC Juyuan partner Wang Xinran said: Micro-LED is one of the most advanced and promising technologies in the display field. In the past few years, SMIC Juyuan has been looking for investment opportunities in this field. The founding team of Stan Technology has many years of accumulation and rich experience in the academic research and industrialization of Micro-LED, and it is very promising to become an industry leader. SMIC Juyuan is very pleased to participate in the financing of Stan Technology in this round, and will continue to help Stan Technology grow healthier and faster.

Regarding this round of financing, SAIF Fund Executive Director Huang Yantao said: Micro-LED is an important watershed for modern display technology from materials science to semiconductor technology. It is also the first time that Chinese companies have the opportunity to be in the same field as overseas companies in the field of display innovation. starting line. Stan Technology brings together the most cutting-edge Micro-LED scholars and display technology experts in China and even the world. It is currently one of the few innovative technology companies in China that focuses on the research and development of Micro-LED full-process technology. As the company's seed investor, we always believe that with the multiple assistance of talents, industry, and capital, Stan Technology will grow into a benchmark enterprise in this field.

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