Core Viewpoint - GoerTek Inc. is providing a significant financial support of up to $100 million to its subsidiary, Hong Kong GoerTek Tech, to facilitate the acquisition of Plessey Semiconductors Limited by Haylo Labs Limited, aiming to advance Micro-LED technology and support the future development of AI smart glasses and AR products [2][4]. Group 1: Financial Details - The loan from Hong Kong GoerTek Tech to Haylo has an annual interest rate of approximately 6.34%, with interest paid annually and principal repaid in a lump sum at maturity over a 5-year term [3]. - Haylo's total assets are approximately $267.1 million, with total liabilities and net assets both around $133.5 million, resulting in a debt-to-asset ratio of 50% [2]. Group 2: Strategic Importance - Plessey is recognized as a leading technology company in the Micro-LED field, having developed a high-brightness Micro-LED display specifically designed for AR glasses, with a brightness of up to 6 million nits [4]. - The investment in Plessey is expected to enhance its operational performance and financial condition, aligning with the rapid growth of the global market for AI smart glasses and AR products [4].

Core Viewpoint - The article highlights the successful completion of a Pre-A round financing of approximately 600 million yuan by Chip Vision Semiconductor Technology Co., Ltd. (芯视佳), indicating strong investor interest in the Micro OLED technology sector, particularly in the context of the growing AR glasses market [1][2][3]. Financing Overview - On June 17, 2025, Chip Vision completed a Pre-A round financing of about 600 million yuan, led by Chuangdong Investment and Yanshu Capital, with participation from other institutions including Zhenjiang Guokong Group and Qiancheng Capital [2]. - This financing follows previous rounds, including an over 100 million yuan Angel+ round in October 2022 and a 500 million yuan Angel round in October 2021, demonstrating a consistent trend of significant capital influx into the company [2][3]. - The company also secured several billion yuan in comprehensive credit from banks such as SPD Bank and Hangzhou Bank [2]. Company Profile - Founded in September 2020 and headquartered in Shenzhen, Chip Vision focuses on silicon-based OLED (Micro OLED) micro-display technology, providing high-resolution, lightweight, low-power, and reliable display solutions for various applications including VR/AR, electronic viewfinders, and automotive displays [4][5]. Production Capacity - The company has invested 100 million yuan in its K1 factory in Huainan, which began production in April 2023, with an expected annual output value of 200 million yuan [5]. - A second factory, K2, with a total investment of 1.5 billion yuan, is under construction and is expected to produce 4,000 pieces of 12-inch wafers monthly, primarily for AR/VR/MR applications [5]. Market Trends - The article notes a resurgence in the AR glasses market, attracting significant capital investment, particularly in the micro-display technology segment, which is crucial for the performance and design of AR glasses [7]. - Micro OLED and Micro LED are identified as the leading technologies in the micro-display field, with Micro OLED expected to capture 54% of the AR device market by 2024, while Micro LED's market share is projected to increase from 37% to 67% in the same timeframe [7]. Investment Landscape - The Micro OLED sector has seen substantial investments, with other companies like Hongxi Technology completing nearly 500 million yuan in A round financing, and Shiya Technology preparing for an IPO to secure additional funding [8]. - In the Micro LED sector, companies like VueReal have also completed significant financing rounds, indicating a robust investment environment for micro-display technologies [9][10]. Conclusion - The ongoing interest and investment in Micro OLED and Micro LED technologies are expected to drive advancements in micro-display technology, particularly in light of the growing demand from the AR glasses market [11].