SeeYA Technology

SeeYA Technology
Information
Type	Public
Industry	OLED-on-silicon (OLEDoS) microdisplays and near-eye optics
Founded	13 October 2016
Founder	Gu Tie
Headquarters	Hefei, Anhui, China
Notable Personnel	Gu Tie (chairman)
Products	OLEDoS microdisplays; pancake, lens-group, birdbath and waveguide optics modules; XR device design and contract manufacturing
Website	https://www.seeya-tech.com

SeeYA Technology (视涯科技股份有限公司, SeeYA Technology Corp.) is a Chinese manufacturer of OLED-on-silicon (OLEDoS) microdisplays, the small high-density panels used in virtual reality headsets, AR glasses, drone goggles and electronic viewfinders. The company was founded on 13 October 2016, is based in Hefei, Anhui province, where its main production site and 12-inch wafer line are in the Hefei Comprehensive Bonded Zone, and is controlled by its chairman, Gu Tie. Besides bare panels, it sells optics modules and designs complete XR devices for other brands.

SeeYA says it was the first company in the world to mass-produce OLEDoS microdisplays on 12-inch wafer backplanes. Its prospectus cites a Frost & Sullivan report that ranks it second worldwide, behind Sony, in 2024 shipments of silicon-based OLED panels for XR devices, with about 35.2% of units against Sony's 50.8%. Customer products named in its prospectus include devices from Varjo, Lenovo and RayNeo, and UploadVR has reported that its panels are used in Bigscreen Beyond headsets. The company listed on the Shanghai Stock Exchange's STAR Market on 25 March 2026 under the code 688781.

Reviewed 29 September 2026. Checked founding, ownership, IPO, customer, shipment-share, panel and financial figures against the STAR Market prospectus, SeeYA news pages, Yicai, NetEase/Zhitong, 21jingji, UploadVR, OLED-Info, DigiTimes and Road to VR. About review dates.

History

Founding and the Hefei factory

The company was set up in 2016 as 上海视涯信息科技有限公司 (Shanghai SeeYA Information Technology), with a registered capital of 100,000 yuan subscribed by two Xiamen-registered shareholders, Xiamen Shengshan and Xiamen Jishan. The prospectus names Gu Tie as the core of the founding team. Gu, born in 1968, studied physics at Fudan University, earned an engineering doctorate from Pennsylvania State University in 1994 and later ran GE's global research center in Shanghai and Shanghai Tianma Microelectronics. He has chaired SeeYA since 2018 and is also chairman and general manager of iRay Technology.

On 1 September 2017 SeeYA signed a project contract with Hefei's Xinzhan (New Station) district for an OLEDoS microdisplay project with a planned investment of 2 billion yuan. A SeeYA spokesperson said at the time that the company planned to begin production in 2019 and expected to reach an annual output of 20 million displays by 2020. Construction of the factory began in January 2018. The company's own timeline lists the first lit demonstration panel in June 2018, equipment installation in October 2018, samples of 0.72-inch and 1.03-inch displays in July 2019 and trial production from November 2019. At the first WCODI display industry conference, which opened in Hefei on 22 November 2019, it showed a 1.03-inch panel with a resolution of 2560 x 2560, along with pancake, birdbath, freeform and reflective waveguide optics. SeeYA delivered its first production order in November 2020.

The predecessor company was later renamed 合肥视涯技术有限公司 (Hefei SeeYA Technology) and converted into a joint-stock company on 25 May 2022.

Investors

When the company became a joint-stock company in 2022, its shareholders included a wholly owned subsidiary of the drone maker DJI (3.95%) and a Xiaomi industry fund (1.38%). In a capital increase approved in February 2023, eight investors paid 1.106 billion yuan for new shares; the largest was the XR component maker Goertek, which paid 600 million yuan. Gu Tie controls the company through the holding company Shanghai Jishan Management Consulting.

Public listing and recognition

SeeYA's application to list on the STAR Market was approved at a listing committee meeting on 24 December 2025. The company issued 100 million shares at 22.68 yuan each, leaving 1 billion shares outstanding, with Guotai Haitong Securities as sponsor and China International Capital Corporation as joint lead underwriter. Trading began on 25 March 2026. The shares opened at 50 yuan, 120.46% above the offer price, and the offering raised 2.268 billion yuan. The proceeds are earmarked for an expansion of the ultra-high-resolution OLEDoS production line and a new research center.

At the national science and technology awards conference in Beijing on 8 July 2026, a Shanghai University-led project on key manufacturing technologies and equipment for high-resolution new displays, with SeeYA as a joint completing organization, received a second-class National Science and Technology Progress Award. SeeYA says its part of the work covered silicon backplane preparation, large-area photolithography, pixel deposition, thin-film encapsulation and driver adaptation.

Products

SeeYA's website catalog lists OLEDoS displays in sizes of 1.3, 1.03, 0.83, 0.72, 0.6, 0.49 and 0.32 inches, and the prospectus also describes a 1.35-inch panel. It also sells optics solutions in two groups: "see-close" pancake lens and lens-group modules for VR, and "see-through" birdbath optics and waveguide display modules for AR. Beyond components, the company offers custom product development and full XR device design and contract manufacturing.

The 0.49-inch panel accounted for most of the company's display sales between 2022 and 2024, ranging from about 69% to 83% of display revenue. By the first half of 2025 the 0.6-inch and 1.03-inch panels had grown to 36.5% and 26.9% of display revenue respectively. The prospectus compares several SeeYA panels with those of Sony and BOE:

SeeYA panel	Resolution	Typical contrast	Typical brightness
0.49 inch	1920 x 1080	50,000:1	3,000 nits
0.6 inch	1920 x 1080	600,000:1	6,000 nits
1.35 inch	3552 x 3840	200,000:1	6,000 nits

According to the same document, its panels reach up to 600,000:1 contrast, 4K resolution, more than 99% DCI-P3 color coverage and full-color brightness above 6,000 nits.

XR work

Examples of customer products named in the prospectus include the Lenovo Legion Glasses 2, for which SeeYA supplied the OLEDoS displays and the birdbath optics and handled XR design and contract manufacturing; the RayNeo Air 3 display glasses; and the Varjo VR-3, which uses SeeYA OLEDoS displays with 1920 x 1920 pixels per eye. It also supplies displays for first-person-view drone goggles, medical head-mounted displays, night vision devices and thermal imaging devices such as the Pulsar Thermion 2 LRF XG60. Its main customers include ByteDance, Insta360, RayNeo and Lenovo, plus six customers the filing does not name.

UploadVR reported that SeeYA supplies the 2560 x 2560 micro-OLED displays in both generations of Bigscreen's Beyond PC VR headset. In August 2023 The Information reported that Apple was testing microdisplay samples from BOE and SeeYA for possible use in a successor to the Apple Vision Pro and a cheaper non-Pro Vision headset.

SeeYA has also been reported as a panel supplier to Meta. OLED-Info wrote in December 2025 that Meta would use OLED microdisplays from SeeYA and BOE in a future Quest headset. In March 2026 the Chinese outlet VRcoast reported that SeeYA would give its full production capacity to the display for Meta's next headset, codenamed Phoenix; Bigscreen told UploadVR that this suggestion about SeeYA's production was wrong. DigiTimes reported on 2 September 2026 that SeeYA had begun supplying OLEDoS panels for Phoenix and that BOE had failed to qualify as a supplier. Meta announced the headset previously known as Project Phoenix as the Meta VR Glasses later that month. The announcement described micro-OLED panels at 2412 x 2288 pixels per eye but did not name a panel supplier. SeeYA's prospectus says it has reached a key cooperation understanding with an unnamed strategic customer and expects to deliver OLEDoS microdisplays in quantities of several million a year in 2026 and the following years; the customer has signed a prepayment agreement to reserve production capacity.

Financial results

SeeYA has reported a net loss in every year covered by its prospectus. Research and development spending exceeded revenue in 2022 and 2023, at 124.48% and 133.35% of revenue. Figures are in yuan as reported in the prospectus; the 2025 figures come from its summary of results after the audit reference date of 30 June 2025.

Year	Revenue	Net result	OLEDoS panels sold
2022	190.43 million	loss of 247.49 million	712,300
2023	215.45 million	loss of 304.10 million	923,300
2024	280.06 million	loss of 246.80 million	1,272,800
2025	513.04 million	loss of 212.33 million	not reported

In its report on the listing, Yicai noted that the silicon-based OLED display industry was still in short-term oversupply.

See also

• Micro-OLED
• Microdisplay
• BOE Technology Group
• Sony
• Near-eye display