Stan Technology received a 36 million yuan investment from a testing equipment manufacturer, focusing on the Micro LED field

On April 8, SITEC released an external investment announcement, stating that it plans to invest 36 million yuan in Shenzhen Sitan Technology Co., Ltd. The investment will help subscribe to 526,600 yuan of newly added registered capital of Sitan Technology, granting the company a 1.94% equity stake after the capital increase.

Founded in 2018, Sitan Technology is a national-level specialized, sophisticated, unique and innovative enterprise focusing on the R&D, production and sales of Micro LED semiconductor display technologies. It runs a provincial-level engineering technology research center. Its core products cover Micro LED light-emitting chips, driver chips and display modules, delivering one-stop Micro LED technical solutions for AR/XR devices, wearable gadgets and automotive displays.

SITEC stated that machine vision inspection equipment is indispensable in the general semiconductor manufacturing industry. As a leading supplier in this sector, the company consolidates its advantages in SMT applications and keeps close tabs on developments across the broader semiconductor manufacturing field.

SITEC holds positive prospects for Micro LED display technology and intends to carry out joint layout in this segment with invested enterprises. Given that the pixel pitch of Micro LED falls at the micron level, stricter standards are imposed on inspection equipment. The company plans to conduct joint R&D with invested partners to satisfy inspection demands of the Micro LED industry, so as to realize complementary strengths and coordinated development of the industrial upstream and downstream.

According to SITEC, this investment aims to expand application coverage of its products, diversify application scenarios of machine vision inspection devices, and further strengthen its business foundation for future growth.