Total investment of 1 billion yuan, 50,000 KK Micro LED MiP project started

On April 3, the 50,000 KK Micro LED MiP R&D and production project of Hangzhou Xinju Semiconductor Co., Ltd. (hereinafter referred to as "Xinju Semiconductor") was officially launched in Heda Xingu. The project has a total investment of 1 billion yuan and is expected to have an annual output value of nearly 1 billion yuan after reaching full production. It will form technological complementarities with upstream and downstream enterprises in the local industry chain such as Silan Microelectronics and Medica Optoelectronics.

The founder of Xinju Semiconductor said that in the future, the company will use its Hangzhou base as a fulcrum to accelerate the popularization and application of Micro LED products in commercial displays, large-size TVs, vehicle displays and other fields. According to data, Hangzhou Xinju Semiconductor was founded in 2024. It is a company focusing on the packaging field of the semiconductor and display industries. Suzhou Xinju, which it holds shares, has targeted the direction of Micro LED technology from the beginning of its establishment and completed the debugging of the Micro LED production line in 2023.

Xinju has always attached great importance to MIP technology solutions, and has launched MIP 1ini1 and MIP 3in1 technologies, and also includes a variety of MIP products in Xinju’s Micro LED product Roadmap. In June 2024, Unilumin Technology increased its investment in Hangzhou Xinju through Qianhai Unilumin Fund.