What They Say
TechinAsia reports that Viewtrix (also known as Yunyinggu), a Chinese developer of display drivers, announced that it has secured 300 million yuan ($45.6 million) in a series D round led by Sequoia Capital China. Existing investors Qiming Venture Partners, Qualcomm, and Northern Light Venture Capital also participated in the round and Xiaomi has previously invested.
The company is developing drivers for mobile phones, tablets, and notebooks including LCD, LED, and OLED. The company said it has achieved mass production of its two main products this year – the AMOLED display driver IC and OLED microdisplay IC and that it expects to produce 10 million AMOLED display driver ICs by the end of this year.
The Shenzhen-based company claims it is ranked third in terms of market share in mainland China, just behind Taiwan-based Novatek Microelectronics and Raydium Semiconductor.
What We Think
Early in 2019, Taiwanese prosecutors in Hsinchu, Taiwan, took action against four Novatek employees accused of stealing driver secrets. (BR)
