Recently, China Yinxin (Wuhan) Technology Co., Ltd. (hereinafter referred to as "China Yinxin") announced the completion of a 130 million yuan B1 round of financing. Investors in this round of financing include Interchina Capital, Paradise Silicon Valley, and Degui Capital. Investment agency.
Huayinxin said that this round of financing funds will be mainly used for the upgrade and expansion of its own RD laboratory to provide customers with integrated standard services such as chip testing, packaging testing, and product certification. The company will increase core equipment and materials around high-end semiconductor light sources. RD investment to improve product performance and manufacturing efficiency.
According to information on Huayinxin's official website, the company was established in 2017 and is a high-end LED chip and light source supplier founded by an overseas team. The flip-chip LED chips, vertical LED chips, high-voltage LED chips and Mini/Micro LED chips independently developed by the company are widely used in the automotive lamp, ultraviolet light source and display backlight light source market.
After more than 4 years of development, China Yinxin has completed 5 rounds of financing of hundreds of millions of yuan. The financing process is as follows:
● In June 2018, an angel round of financing of 6 million yuan was completed
● In July 2019, 15 million yuan of Pre-A round of financing was completed
● Obtained Haier Capital's strategic financing in April 2020
● In September 2020, close to 100 million yuan of A round of financing will be completed
● In December 2021, 130 million yuan in B1 round of financing will be completed
In terms of products, in 2019, China Yinxin first launched the world's smallest miniLED product that can be mass-produced, and cooperated with domestic mobile phone manufacturers in backlight projects; in 2020, it will achieve breakthroughs in research and development in the field of automotive display and release automotive-grade MiniLED backlight technology products.
As of the third quarter of 2021, China Yinxin's white MiniLED automotive series products have achieved mass production and delivery, and have cooperated with many well-known automobile manufacturers. It is reported that the product has features such as car-level reliability, ultra-thin display body, multi-zone dynamic control, and mega-level ultra-high contrast.
At the MiniLED backlight product launch conference in the third quarter of this year, China Yinxin launched the world's first white light MiniLED backlight series equipped with the exclusive self-developed ACSP solution-a new 27-inch MiniLED backlight display. The display is equipped with nearly 20,000 MiniLEDs, 2304 dynamic backlight zones to achieve precise light control, and a contrast ratio of 1,000,000:1.
In terms of ultraviolet light source, Huayin core's ultraviolet chip has been applied in the big health field. Among them, health education lighting products based on the UVA band have cooperated with many domestic listed companies, and the sterilization and disinfection products based on the UVC band have successfully entered Haier, Midea, Supply chain of home appliance products of well-known brands such as Xiaomi and Sinopharm. It is worth mentioning that the Huayin core HGC-UVC sterilization module has been confirmed by the Hubei Provincial Center for Disease Control and Prevention Inspection and Testing Institute, and the inactivation rate of the new coronavirus is as high as 99.99 percent .
In terms of RD and production, Huayin Core has invested in the construction of multiple complete MiniLED production lines in Wuhan, Zhangjiagang and other places, covering the design, manufacturing and sales of the entire industry chain of MiniLED "chips-packaging and testing-modules". In 2020, Huayinxin will invest in the establishment of Zhangjiagang Huajing Optoelectronics Co., Ltd. as its MiniLED backlight display solution development center, professionally docking with mid- and downstream panel manufacturers, and providing flexible and complete backlight product application solutions according to customer needs.
At present, the first phase of the new Zhangjiagang manufacturing center of Huayin Core has been completed, which will be used for the development and production of MiniLED backlights and display light sources. The company's 12.3-inch automotive MiniLED display module and 27-inch display module have been shipped in batches, and have been unanimously approved by well-known car factory customers and panel manufacturers.
Hua Yinxin said that it will work with related equipment and material suppliers to develop and innovate the cutting-edge technology of high-end semiconductor light sources, intensify to promote the company's high-end semiconductor light source research and development process and mass production efficiency improvement, and help the company to steadily open the commercialization of Mini/Micro LED , Special light source and automotive light source market strategic layout.
