Raontech

Raontech signed a development and supply agreement with an overseas customer for LCoS-based microdisplay backplanes for AR smart glasses. The initial contract is valued at $3 million (KRW 4.6 billion), with an option worth $1.9 million (KRW 3.1 billion) for a second product.

Raontech, a South Korean microdisplay technology company, announced a contract to supply Micro-LED backplane wafers valued at approximately 2.8 billion won (about $1.47 million) to a client in the Micro-LED sector.