AR developer Mojo Vision, announced that it has raised $51 million in its B-1 round. The company has raised more than $159 million to date. The fund was led by New Enterprise Associates, and several strategic VCs participated, including Dolby Family Ventures and Motorola Solutions Venture Capital.

Mojo Vision, still in an R&D stage, develops micro-LED powered AR contact lenses. In June 2019, AR developer Mojo Vision announced that it developed a 14k sub-pixel PPI Micro-LED microdisplay, to power its upcoming AR platform.

In April 2019, Korea-based driver IC developer MagnaChip announced it is starting to develop driver ICs for Micro-LED TVs, based on the company's 28-nm process.

During the company's Q1 2020 financial report, MagnaChip updated that its microLED TV DDIC is now expected to enter production in the first of 2021. MagnaChip believes Micro LED "represents an untapped market opportunity for growth".

Compound Photonics (CP) announced that its high-performance digital backplane is available for microLED developers to integrate into complete microdisplay subsystems. CP re-engineered its existing LCoS backplane to drive microLED pixels. The backplane supports 0.26" FHD displays

microLED developers can utilize this backplane and also use CP’s monolithic integrated display module that supports a direct MIPI input and 240Hz refresh rates, packaged into a compact subsystem.

Researchers from Seoul National University (SNU) in collaboration with KAIST, SAIT and the Korea Photonics Institute developed a new method to deposit MicroLEDs on sapphire nano-membranes which enables chip singulation without an etching process. This method can enable higher efficiency MicroLED devices.

The researchers say that this method improves the internal quantum efficiency (IQE) of the microLEDs by 44% compared to standard GaN microLEDs produced on regular planar substrates. The microLEDs also featured a reduced dislocation density (by 59.6%). According to their tests, the microLEDs provided 3.3X the photoluminescence compared to regular microLEDs.

According to a report from Taiwan's Economic Daily news, a new mini-LED and micro-LED display factory is under planning in Taiwan's Hsinchu Science Park. The new fab is built by Apple (who will invest $334 million) in collaboration with AU Optronics and Epistar.

According to the report, the Science Park Administartion approved Apple, Auo and Epistar's plan on February 18. The new fab will act as an expansion of Apple's existing display center in Taiwan.