Recently, Chengdu Chenxian Optoelectronics Co., Ltd. (hereinafter referred to as "Chenxian Optoelectronics") announced the completion of hundreds of millions of yuan in Series B financing. This round of financing is led by the Sichuan Advanced Manufacturing Guidance Fund managed by CICC Capital, with follow-up investments from CCB Investment, Ceyuan Capital, Chengdu Sci Tech Innovation Investment, Gaoxin Beite, Zhilu Capital, Dongfang Fuhai, and Jiaozhi Capital. The funds will mainly be used for the construction of mass production lines, further consolidating its leading position in the Micro LED display field.

Founded in August 2020, Chenxian Optoelectronics is the first high-tech enterprise in Chinese Mainland specializing in independent technology research and development, scale production and marketing of TFT based Micro LED. The company was jointly established by Chengdu High tech Investment Group, Sichuan Integrated Circuit and Information Security Industry Investment Fund, Chengdu Industrial Investment and other state-owned institutions, as well as industrial capital such as Weixinnuo. It is one of the leading enterprises in the new display industry.

In December 2024, the company will light up the first TFT based Micro LED mass production line in Chinese Mainland and become the first high-tech enterprise in China to achieve full process coverage in the field of Micro LED from research and development, pilot test to mass production. In 2025, Chenxian Optoelectronics will be the first to achieve mass production and shipment of TFT based Micro LED products, and the world's first Micro LED international array standard initiated by Chenxian Optoelectronics has been officially approved. As of now, the company has applied for over 1200 patents, with invention patents accounting for over 96%, building a strong patent moat.

In terms of technological breakthroughs, Chenxian Optoelectronics has taken the lead in overcoming the four core technologies of Micro LED industrialization - massive transfer, driving architecture, seamless splicing, and mixed bin technology. Its massive transfer technology has a transfer efficiency of 10 million pieces/hour, a transfer yield of 99.995%, and can achieve 100% brightness after repair; The world's first Micro LED hybrid bin technology can achieve high consistency in brightness and color between screens, providing a solid guarantee for the true presentation of colors. With continuous R&D investment, Chenxian Optoelectronics has successfully launched multiple globally launched TFT based Micro LED display products, building a high-end display product matrix covering from large-sized commercial displays to small-sized consumer electronics.

Chenxian Optoelectronics has previously completed angel and A-round financing. The completion of this Series B financing marks the company's continued recognition in the capital market. With the landing of Chenxian Optoelectronics' Series B financing and the continuous promotion of mass production lines, the commercialization of Micro LED technology in high-end scenarios such as conference displays, home theaters, command and dispatch, and transparent displays will be accelerated.

As one of the leading companies in the Micro LED industry, Chenxian Optoelectronics is working together with upstream and downstream enterprises to build an independent and controllable industrial chain for Micro LED in China, constructing a complete industrial loop of "upstream materials midstream panel manufacturing downstream terminal applications", and promoting the industrialization process of Micro LED in China.