Vistar is accelerating its industrialization efforts to secure a leading position in the micro-LED market, which it views as a key growth area. Vistar, a company in which Visionox holds a stake (approximately 15.4%), announced that it has completed a Series B funding round worth hundreds of millions of yuan. The funds raised will primarily be used to establish mass production lines, further solidifying the company’s leading position in the micro-LED display sector.
Although Micro LED displays are considered a key direction for next-generation display technology, they have long been hampered by bottlenecks such as low yield rates in mass transfer processes and high production costs. With this funding, Vistar is expected to further refine its technology and, as its mass production lines gradually stabilize, accelerate the adoption of Micro LED displays in the consumer market.
Two Chinese companies, BOE and Vistar, are targeting the commercial display and premium TV markets by maximizing the “ease of scaling up”—the greatest advantage of micro-LED technology. Vistar is gaining experience as a “first mover” in China by being the first to move beyond technology demonstrations—such as its 135-inch product—and enter mass production that generates actual sales. Last November, at the 2025 World Display Industry Innovation and Development Conference held in Chengdu, China, the company showcased its technological prowess by unveiling the world’s first 270-inch TFT-based Micro-LED display.
Vistar 270-inch TFT-based Micro LED display prototype (Source: Vistar)
Vistar TFT-based Micro LED production line (Source: Vistar)
Vistar was founded in August 2020. In December 2024, the company launched mainland China’s first TFT-based Micro-LED mass production line, becoming a Chinese technology company that covers the entire process in the Micro-LED field—from research and development to pilot line production and mass production. In 2025, the company began mass production and shipment of TFT-based Micro-LED products.
According to an analysis by UBI Research, Vistar has successfully secured the core technologies required for the industrialization of Micro-LED. The company has achieved a mass transfer yield of 99.995%, and the entire screen can be illuminated at 100% even after repairs. Additionally, the Mix-Bin technology applied to its proprietary LED chips has resolved issues related to brightness and color consistency between LED chips from different batches. The company has also secured AM-TFT drive design and seamless tiling bonding technology. The report “Micro-LED Display Industry and Technology Trends,” published by UBI Research, provides more in-depth industry analysis and market outlook, including a technology roadmap.
Namdeog Kim, Senior Analyst at UBI Research (ndkim@ubiresearch.com)
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