Micro OLED manufacturer Hongxi Technology completed nearly 500 million yuan in Series A financing

On February 5, Metaways announced the successful completion of a Series A financing of nearly 500 million yuan. Metaways has been favored by the Anhui Provincial Smart Home Appliances and Home Furnishing Industry Fund and will be located in Chuzhou, Anhui, investing in and establishing a wholly-owned subsidiary in the Sino-Singapore-Suchuan High-tech Zone.

Information shows that Hongxi Technology was established in July 2019 with a registered capital of 150 million yuan. It is a high-tech enterprise specializing in the research and development, design and manufacturing of silicon-based Micro OLED micro display devices and modules. The company has now built a 12-inch silicon-based Micro OLED production line.

It is understood that in September 2023, Hongxi Technology's 0.7-inch silicon-based Micro OLED micro-display officially entered the mass production stage; in December of the same year, Hongxi Technology's 1.33-inch Micro OLED micro-display was lit up, and the product has been fully tested.

On August 8, 2024, Hongxi Technology’s 12-inch silicon-based Micro OLED micro display module project was signed and settled in the Zhongxin Suchu High-tech Zone in Chuzhou, Anhui. Among them, the investment in the first phase of the project is 2 billion yuan. After reaching capacity, it can produce 72,000 12-inch wafers annually and achieve an annual output value of 3 billion yuan.

In addition, Hongxi Technology is accelerating the research and development of 1.4-inch Micro OLED micro-display products.