Raontech Signs $1.47 Million Micro-LED Wafer Supply Deal
Raontech, a leading South Korean microdisplay technology company, has recently announced a significant contract to supply Micro-LED backplane wafers to a client in the Micro-LED sector. The deal, valued at approximately 2.8 billion won (around 1.47 million USD), marks a milestone for Raontech as it continues to gain recognition for its semiconductor technology in the growing Micro-LED market.
Raontech’s Micro-LED backplane serves as an optical module solution specifically designed for ultra-light smart glasses. According to the company, this order demonstrates its steady progress toward the commercialization of Micro-LED technology. Known for its established Liquid Crystal on Silicon (LCoS) technology widely used in AR, VR, and automotive displays, Raontech is leveraging its expertise in high-resolution, low-power, and multi-functional microdisplays to expand into the Micro-OLED and Micro-LED arenas, pushing forward the next generation of microdisplay solutions.

Collaboration with PlayNitride Enhances Micro-LED Capabilities
At the end of last year, Raontech further solidified its presence in the Micro-LED market by partnering with PlayNitride. This collaboration led to the delivery of its first batch of backplane wafer products under a contract valued at $860,000. By combining Raontech’s ultra-low-power, ultra-compact silicon backplane and system-on-chip (SoC) technologies with PlayNitride’s Micro-LED bonding, coloring, and modularization expertise, the two companies are making strides in the XR device components market.
Sapien Semiconductor Expands in Micro-LED Sector
In addition to Raontech, another South Korean company, Sapien Semiconductor, has recently secured several contracts in the Micro-LED field. A prominent manufacturer of Micro-LED display drivers, Sapien Semiconductor announced in June and July of this year that it had signed contracts for complementary metal-oxide-semiconductor (CMOS) backplane development. These deals, valued at 4.4 billion won (approximately 2.31 million USD) and 3.939 billion won (around 2.07 million USD) respectively, were signed with a microdisplay engine manufacturer. In just two months, Sapien Semiconductor received orders totaling over 8 billion won in the microdisplay sector.
The Growing Impact of Korean Companies in the Micro-LED Market
These recent developments highlight the increasing influence of South Korean companies in the Micro-LED market. As Raontech and Sapien Semiconductor continue to secure substantial contracts, it is evident that the country’s microdisplay technology sector is poised for significant growth. The ongoing commercialization of Micro-LED solutions marks a pivotal step for both companies and the broader industry as they work to meet the rising global demand for next-generation display technologies.
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