The pace from Pre-A to the Series A round is very fast—Chaohui Capital leads the investment with multiple follow-on investors. Ningbo High-tech Zone is set to roll out an 8-inch production line, and the large-scale deployment of Micro-LED is coming earlier than expected.

Mars Finance News: Micro-LED display technology company “Qiu Shui Semiconductor” has recently completed consecutive Pre-A and Series A financing rounds, totaling nearly 200 million RMB. This round of financing was led by Chaohui Capital, with co-investment from Tongshang Fund, Shengyu Investment, Ningbo Talent Development Fund, Jiayi Venture Capital, Yongxian Technology, Digital Optical Core, and Xingtang Capital. Xingtang Capital serves as a long-term financial advisor. The funds from this round will mainly be used to build an 8-inch hybrid bonding mass production line in the Ningbo High-tech Zone and for subsequent R&D investment.