To accelerate the mass production of vertically stacked full-color MicroLED chips, Yanshan Technology completed nearly 100 million yuan in Pre-A round financing

Recently, MicroLED chip company West Lake Yanshan Technology (Hangzhou) Co., Ltd. (hereinafter referred to as "Yanshan Technology") has completed a Pre-A round of financing of nearly 100 million yuan, jointly invested by Shenzhen Venture Capital, Ivy Capital, Moganshan Fund and Lenovo Venture Capital. This round of funds will be used for the development of the company's vertically stacked single-chip full-color MicroLED products and the construction of mass production lines.

Yanshan Technology was established in May 2022. Relying on the industry-university-research cooperation background of West Lake University, it is a technology company committed to the development of a new generation of MicroLED technology. Through independently developed core technologies such as wafer-level three-color film integration, hybrid bonding, and high-throughput epitaxial growth, Yanshan Technology has solved many bottleneck issues in the mass production and application of MicroLED, providing customers with MicroLED full-color display chips with high luminous efficiency, low energy consumption, wide color gamut, and long life.

In terms of product matrix, Yanshan Technology is one of the few companies that has a layout in the dual fields of "micro display" and "direct display", which benefits from the team's years of technology accumulation and diversified customer channels. In the field of micro-display, Yanshan Technology provides module products, which are mainly used in AR glasses, micro-projection and other scenarios; while in the field of direct display, Yanshan Technology mainly provides chip products, covering various applications such as commercial displays, TVs, watches, and transparent screens.

Regarding this financing, Dr. Kong Wei, founder, chairman and CEO of Yanshan Technology, said: We are very pleased to receive the support of this round of investment institutions. Yanshan Technology adopts the vertical stacking single-chip full-color technology route. The construction of the production line marks the opening up of Yanshan’s mass production technology. After the completion of the production line, the company will have the ability to produce and supply single-chip full-color chips and modules in batches.