Xitai Technology completes Series A financing
Publishdate：2024-02-20 Views：616
Against the backdrop of severe challenges in the current primary market financing environment, Xitai Technology has successfully completed Series A financing. This round of financing is funded by Wuhu Construction Investment, Sichuan Manufacturing Fund, Ruicheng Fund, Xingzhong Venture Capital, Kunyan Capital, Meishan Tianfu Guidance Fund, and other investors, raising a total of over 1 billion yuan.
This round of financing is mainly used for the construction and operation of a 12 inch silicon-based OLED production line. The first phase has a stacked production capacity of 6K+, and the production line's software and hardware are all in cooperation with international first-class manufacturers. The core equipment has been gradually moved in, and the company has officially entered the equipment debugging and operation stage of the 12 inch line. This production line has the characteristics of leading design, advanced equipment, high automation level, and large production capacity.
Wuhu Jiantou and Xingzhong Venture Capital
Xitai Technology was registered and established in Wuhu in June 2016, focusing on the research and manufacturing of semiconductor micro displays. It is one of the first companies in China to enter the silicon-based OLED field, with a technical team of more than 300 people. The company has a large number of independent intellectual property rights and patents through two stages: laboratory product lighting, 8-inch line mass production verification and shipment. The industry to which Xitai Technology belongs is one of the top ten strategic emerging industries supported by Wuhu City. With the support and promotion of the Municipal Party Committee and Government, investment platforms at the city and district levels have conducted research and judgment on the Xitai Technology project, and after due diligence and feasibility analysis, have decided to invest.
Sichuan Manufacturing Fund and Meishan Tianfu Guidance Fund
Sichuan Province has industrial chain advantages in the new display industry. As a cooperative fund between Sichuan Province and the National Manufacturing Industry Transformation and Upgrading Fund, we focus on the innovation and development of new display technologies such as Micro OLED and Micro LED, based on Sichuan's advantageous industries. The Xitai Technology team is excellent and technologically advanced, with outstanding performance in resolution, refresh rate, contrast, color gamut, power consumption, and other aspects of its products. We choose to invest in Xitai Technology to support it in becoming a leading enterprise in the semiconductor micro display field.
Ruicheng Fund
Firstly, the core team of Xitai Technology comes from global display and wafer manufacturing giants, with an international perspective; Secondly, the company's technology and products have been recognized by the industry and have a competitive advantage; Thirdly, the project has received strong support from two investment platforms in the Wuhu urban area, which is beneficial for enterprises to enhance their competitiveness in the future industrial cycle competition.
Kunyan Capital
As a new display technology, silicon-based OLED can present clearer and more three-dimensional visual effects, providing more attractive display methods and more customized content for the digital industry. We acknowledge the products and technological strength of Xitai Technology, believe in its team's management experience, value its international strategic layout, and hope to work together with Xitai Technology to contribute new growth points to the AI+digital economy.
Against the backdrop of severe challenges in the current primary market financing environment, Xitai Technology has successfully completed Series A financing. This round of financing is funded by Wuhu Construction Investment, Sichuan Manufacturing Fund, Ruicheng Fund, Xingzhong Venture Capital, Kunyan Capital, Meishan Tianfu Guidance Fund, and other investors, raising a total of over 1 billion yuan.
This round of financing is mainly used for the construction and operation of a 12 inch silicon-based OLED production line. The first phase has a stacked production capacity of 6K+, and the production line's software and hardware are all in cooperation with international first-class manufacturers. The core equipment has been gradually moved in, and the company has officially entered the equipment debugging and operation stage of the 12 inch line. This production line has the characteristics of leading design, advanced equipment, high automation level, and large production capacity.
Wuhu Jiantou and Xingzhong Venture Capital
Xitai Technology was registered and established in Wuhu in June 2016, focusing on the research and manufacturing of semiconductor micro displays. It is one of the first companies in China to enter the silicon-based OLED field, with a technical team of more than 300 people. The company has a large number of independent intellectual property rights and patents through two stages: laboratory product lighting, 8-inch line mass production verification and shipment. The industry to which Xitai Technology belongs is one of the top ten strategic emerging industries supported by Wuhu City. With the support and promotion of the Municipal Party Committee and Government, investment platforms at the city and district levels have conducted research and judgment on the Xitai Technology project, and after due diligence and feasibility analysis, have decided to invest.
Sichuan Manufacturing Fund and Meishan Tianfu Guidance Fund
Sichuan Province has industrial chain advantages in the new display industry. As a cooperative fund between Sichuan Province and the National Manufacturing Industry Transformation and Upgrading Fund, we focus on the innovation and development of new display technologies such as Micro OLED and Micro LED, based on Sichuan's advantageous industries. The Xitai Technology team is excellent and technologically advanced, with outstanding performance in resolution, refresh rate, contrast, color gamut, power consumption, and other aspects of its products. We choose to invest in Xitai Technology to support it in becoming a leading enterprise in the semiconductor micro display field.
Ruicheng Fund
Firstly, the core team of Xitai Technology comes from global display and wafer manufacturing giants, with an international perspective; Secondly, the company's technology and products have been recognized by the industry and have a competitive advantage; Thirdly, the project has received strong support from two investment platforms in the Wuhu urban area, which is beneficial for enterprises to enhance their competitiveness in the future industrial cycle competition.
Kunyan Capital
As a new display technology, silicon-based OLED can present clearer and more three-dimensional visual effects, providing more attractive display methods and more customized content for the digital industry. We acknowledge the products and technological strength of Xitai Technology, believe in its team's management experience, value its international strategic layout, and hope to work together with Xitai Technology to contribute new growth points to the AI+digital economy.
