MicroLED technology supplier PlayNitride say they want to reduce the production cost of microLED chips by 95% in five years.
CEO Charles Li says the two major keys of microLEDs are to make them small and cheap, which is the current challenge for commercialisation. In order to achieve the goal, it is critical to connect the supply chain from wafer manufacture through chip process, transfer technology, display module, backplane driver and system tuning. Most of the processes already exist, but need more integration in resources and technology; equipment supply is also crucial.
PlayNitride continue to raise funds to push their technology advancement and mass production. Apart from the USD $86m raised last year for production expansion, PlayNitride are planning for another $50m to keep accelerating production and technology progress.
This past April, PlayNitride and AUO jointly developed a flexible µLED display which targets automotive display applications.