AUO Invests in PlayNitride
AUO (2409.TT) has participated in a private placement for shares in PlayNitride (pvt), a Taiwan based company that has been working toward the commercialization of Micro-LED technology since 2014. The private placement raised $20m (Shares priced at $7.73), bringing the total raised by the company over the last few years to over $61m. Previous funding rounds for PlayNitride have seen investments by Samsung Ventures (005930.KS), Lite-On Technology (2301.TT), a Taiwan-based company that produces LEDs, and two VCs. PlayNitride has been developing Micro-LED displays under the names PixeLED®, µ-PixeLED™, and PixeLED Matrix™, and has been showing prototypes, particularly those used for AR/VR applications and automotive HUD displays., although they have shown a number of iterations of ultra-large Micro-LED TVs based on their modules.
AU Optronics and PlayNitride have been working on Micro-LED display projects together for a number of years and have worked on Micro-LED development projects for Apple (AAPL) at the well-known ‘secret’ Apple LED R&D center in Taiwan. AUO also made a recent investment in Ennostar (3714.TT), a holding company formed from the merger of LED producer Epistar and LED packager Lextar, both of whom have also been associated with the ‘secret’ Apple facility in Taiwan. Under the heading of ‘where there’s smoke there’s fire’, it would seem that Apple continues to get more involved in the application of Micro-LEDs for future products although the timeline for same still remains a mystery.
AU Optronics and PlayNitride have been working on Micro-LED display projects together for a number of years and have worked on Micro-LED development projects for Apple (AAPL) at the well-known ‘secret’ Apple LED R&D center in Taiwan. AUO also made a recent investment in Ennostar (3714.TT), a holding company formed from the merger of LED producer Epistar and LED packager Lextar, both of whom have also been associated with the ‘secret’ Apple facility in Taiwan. Under the heading of ‘where there’s smoke there’s fire’, it would seem that Apple continues to get more involved in the application of Micro-LEDs for future products although the timeline for same still remains a mystery.
PlayNitride Micro-LED 0.4" Full-Color Display - Source: PlayNitride
Circular Micro-LED Display from PlayNitride - Source: AUO
Jointly developed (AUO/PlayNitride) flexible/transparent Micro-LED display - Source: AUO
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