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Ni Chuang plans to raise more than US$100 million to enter Micro LED manufacturing

The development of Micro LED display technology has entered a stage of contention among hundreds of schools of thought. As many major manufacturers successively plan product design and development, the Micro LED industry will move from small-scale trial production to large-scale mass production in 2020.

According to reports, affected by the massive investment of tens of billions of dollars by major mainland manufacturers into Micro LED manufacturing, Taiwanese manufacturer Nitron plans to raise funds again in the near future.

Li Yunli, chairman of Nichuang, said that if it enters the stage of large-scale mass production, the internal target fundraising amount is expected to increase to more than 100 million US dollars, and the scale of production capacity is expected to expand significantly from the second half of 2020.

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