MAY
MAY (May Inc.) is a South Korean private company that designs and manufactures reflective LCoS microdisplay panels (IRIS-F39, IRIS-F55, IRIS-U62, IRIS-U78) and the Holographic EV Kit for AR/VR, automotive HUD, projector, and research customers.
- Company typePrivate
- Founded2017
- HeadquartersHwaseong-si, South Korea
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What MAY does
MAY (May Inc., 주식회사 메이) is a South Korean private company founded in February 2017 and headquartered in Hwaseong-si, Gyeonggi-do. It self-describes as Korea's only 4K LCoS panel manufacturer and production company, specializing in reflective microdisplay technology. The company designs and manufactures Liquid Crystal on Silicon (LCoS) panels — a microdisplay category positioned against DLP and uOLED alternatives on the basis of smaller pixel size, higher resolution, higher yield, and lower cost. Its IRIS product family spans FHD panels (IRIS-F39 at 5,600 PPI and IRIS-F55) and UHD/4K2K panels (IRIS-U62 at 7,100 PPI and IRIS-U78), with panel sizes ranging from 0.39-inch to 0.78-inch active area. The company also sells the Holographic EV Kit, a development kit built around the IRIS-U62 phase modulation panel that it describes as the world's only single-panel full-color hologram solution.
MAY operates a 300-pyeong (~990 sqm) in-house manufacturing line equipped with a Class 10 main cleanroom and a Class 1,000 sub cleanroom, covering the full wafer-to-panel production stack. Its LCoS panels serve as core components for downstream applications including AR HUDs for automotive, AR/VR head-mounted displays, 4K projectors, 3D hologram displays, and automated optical inspection (AOI) systems for factory production lines. Most panel products remain in the prototype/proof-of-concept stage; the Holographic EV Kit is the company's only fully commercialized finished product, having received CE certification for European market access in November 2020.
The business model is direct B2B hardware sales of panels and the development kit to enterprise customers, research institutions, and industrial buyers in Korea and internationally. Pricing is not publicly disclosed; sales inquiries route through a dedicated domestic/overseas sales contact. The company has accumulated 9 patents and multiple certifications (ISO 9001, ISO 14001, CE, KC, venture business, materials-parts-equipment specialized enterprise, ETRI E-family enterprise). No external funding rounds, acquisitions, or named end customers are disclosed in available data.
MAY firmographics
Firmographics- Name
- MAY
- Legal name
- May Inc.
- Website
- https://may-display.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MAY (May Inc.) is a South Korean private company that designs and manufactures reflective LCoS microdisplay panels (IRIS-F39, IRIS-F55, IRIS-U62, IRIS-U78) and the Holographic EV Kit for AR/VR, automotive HUD, projector, and research customers.
- Ownership category
- akta.pro rank
MAY industry classification
Industry- Product category
- Microdisplay Manufacturing
- NAICS
- Semiconductor and Other Electronic Component Manufacturing (33441)
- SIC
- Instruments For Meas & Testing Of Electricity & Elec Signals (3825)
- akta.pro primary industry
- Foundry Platform & Design Enablement Services (PDK/DFM/Process Qualification) (HDAHACAJ)
- akta.pro secondary industry
- Advanced Packaging (2.5D/3D-IC, Fan-Out WLP, Chiplets) (HDAHADAB)
Keywords
Where MAY is headquartered
LocationHeadquarters
- HQ city
- Hwaseong-si
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
MAY business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- LCoS Panel Sales (FHD & UHD): Sale of FHD (IRIS-F39, IRIS-F55) and UHD (IRIS-U62, IRIS-U78) LCoS microdisplay panels to AR/VR, automotive, projector, and industrial customers. Panels are currently in prototype/production stage.
- Holographic EV Kit Sales: Sale of the Holographic EV Kit — a holographic R&D development kit containing IRIS-U62 panel, driving board, laser, expander, HDMI and power cables. Currently available for researchers and developers.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
MAY product offering
Product offeringCore offering
MAY (May Inc., 주식회사 메이) is a South Korean microdisplay manufacturer that designs, develops, and manufactures LCoS (Liquid Crystal on Silicon) reflective microdisplay panels. It sells FHD panels (IRIS-F39, IRIS-F55), UHD panels (IRIS-U62, IRIS-U78), and the Holographic EV Kit to AR/VR, projector, holographic display, automotive HUD, and industrial AOI customers. The company operates a full wafer-to-panel in-house manufacturing line and claims to be Korea's only 4K LCoS panel manufacturer.
Product overview
MAY is an LCoS (Liquid Crystal on Silicon) Total Company that designs, manufactures, and sells reflective microdisplays. The product portfolio consists of FHD panels (IRIS-F39, IRIS-F55), UHD panels (IRIS-U62, IRIS-U78), and the Holographic EV Kit for holographic R&D. These LCoS panels serve as core components for downstream applications including AR HUDs, AR/VR HMDs, 4K projectors, 3D hologram displays, and automated optical inspection (AOI) systems. The company is currently in prototype/production stage with the Holographic EV Kit being their sole commercialized finished product.
Differentiator
Problem solved
Functional benefit
Brands
- Holographic EV Kit: World's only holographic R&D kit using 0.62" UHD Phase Modulation panel for full-color hologram implementation
- IRIS Series
Products and services
- IRIS-F39 FHD LCoS micro display panel with 0.39" active area, 1,920 × 1,080 resolution, 4.5μm pixel pitch, 5,600 PPI, die size 13.93 × 9.062 mm, operating via Analog Field Sequential method. Sold to AR/VR, projector, holographic, HUD, and AOI equipment manufacturers.
- IRIS-F55 FHD LCoS micro display panel with 0.55" active area, 6.3μm pixel pitch, 5,600 PPI, die size 15.51 × 9.662 mm. Sold to AR/VR, projector, holographic, HUD, and AOI equipment manufacturers.
- IRIS-U62 UHD LCoS micro display panel with 0.62" active area, 3,840 × 2,160 resolution (4K2K), 3.6μm pixel pitch, 7,100 PPI. Supports Phase Modulation for holographic applications. Sold to AR/VR HMD, AR HUD, holographic, projector, and AOI manufacturers.
- IRIS-U78 UHD LCoS micro display panel with 0.78" active area, 3,840 × 2,160 resolution (4K2K), die size 21.139 × 13.6478 mm. Sold to AR/VR, projector, holographic, and AOI equipment manufacturers.
- Holographic EV Kit World's only holographic R&D kit enabling full-color holography with a single 0.62" UHD Phase Modulation panel. Bundle includes IRIS-U62 Panel, driving board, laser, expander, HDMI 2.0 cable, and power cable. Features 120Hz frame rate (360Hz per color), Class 3B laser safety, HDMI interface, AC 220V power. Sold to universities, research labs, and holographic display developers.
Quantifiable outcome
- 7,100 PPI pixel density achieved with IRIS-U62 UHD panel (die size 21.14 × 13.64 mm)
- +5 more outcomes
Companies that use MAY
Customer profileSegments4 records
Ideal customer profiles4 records
MAY technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
MAY partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
MAY competitors and assessment
Company assessmentDirect peers
- JVCKENWOOD: JVCKENWOOD's D-ILA technology is a proprietary LCoS panel family used in its high-end home theater projectors. Like MAY, it manufactures LCoS microdisplay panels at scale, competes on resolution/yield, and sells into the projector and display ecosystem.
- Syndiant: Syndiant designs LCoS microdisplay panels for pico-projectors, AR glasses, and head-mounted displays. It is a direct peer to MAY in reflective microdisplay technology targeting embedded projection and wearable display applications.
- Himax Technologies: Himax is a Taiwan-based fabless semiconductor company that designs LCoS and other microdisplay panels for AR/VR, head-mounted displays, and projection applications. It is a direct peer to MAY in the LCoS microdisplay category with comparable target customers (AR/VR OEMs, projector makers).
- HOLOEYE Photonics: HOLOEYE manufactures LCoS-based Spatial Light Modulators (SLMs) for holography, optical metrology, and R&D applications. This is directly comparable to MAY's IRIS-U62-based Holographic EV Kit, serving the same research and developer segment with phase modulation panels.
- Sony Semiconductor Solutions: Sony produces LCoS microdisplays (SXRD) for projectors and is a major microdisplay manufacturer. It is directly comparable to MAY as both design and manufacture reflective silicon-based microdisplay panels serving AR/VR, projection, and professional display markets.
Emerging players
- eMagin (now Samsung Display subsidiary): eMagin manufactures micro-OLED (uOLED) displays for AR/VR HMDs and military applications, recently acquired by Samsung Display. It is an emerging competitor to MAY in the same AR/VR microdisplay market using a different (OLED-on-silicon) technology approach.
- Silicon Micro Display (SMD): Silicon Micro Display develops LCoS microdisplay panels for mobile projectors and head-mounted displays. It is an emerging peer to MAY in the LCoS microdisplay category, focusing on consumer projection and wearable display applications.
- Kopin Corporation: Kopin develops microdisplays (including LCoS and OLED variants) and optical components for AR/VR HMDs, military, and industrial applications. It overlaps with MAY in microdisplay panel supply to AR/VR and heads-up display OEMs.
- Jade Bird Display (JBD): JBD is a Shanghai-based microLED microdisplay company targeting AR glasses and HMDs. It is an emerging alternative-microdisplay competitor to MAY's LCoS, vying for the same AR/VR design wins with a different underlying technology.
Broad incumbents
- Texas Instruments: Texas Instruments' DLP technology is the dominant competing microdisplay platform (alongside LCoS) used in projectors, AR HUDs, and AOI systems. It is a broad incumbent that competes head-to-head with MAY's LCoS in projection and display end-markets but with vastly larger scale and resources.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
MAY social profiles
Digital presenceMAY compliance and trust
Trust signalCompliance7 records
MAY financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAY leadership team
Management profileNumber of profiles
MAY funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAY M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAY
What does MAY do?
MAY (May Inc., 주식회사 메이) is a South Korean microdisplay manufacturer that designs, develops, and manufactures LCoS (Liquid Crystal on Silicon) reflective microdisplay panels. It sells FHD panels (IRIS-F39, IRIS-F55), UHD panels (IRIS-U62, IRIS-U78), and the Holographic EV Kit to AR/VR, projector, holographic display, automotive HUD, and industrial AOI customers. The company operates a full wafer-to-panel in-house manufacturing line and claims to be Korea's only 4K LCoS panel manufacturer.
Is MAY a public or private company?
MAY is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MAY founded?
MAY was founded in 2017. It employs 101 to 250 people.
Where is MAY based?
MAY is headquartered in Hwaseong-si, South Korea, in the Asia region.
How does MAY make money?
Two revenue lines are on record. LCoS Panel Sales (FHD & UHD) is the primary driver. The others are holographic EV Kit Sales.
Who are MAY's main competitors?
Direct peers on record are JVCKENWOOD, Syndiant, Himax Technologies, HOLOEYE Photonics and Sony Semiconductor Solutions. Emerging players are eMagin (now Samsung Display subsidiary), Silicon Micro Display (SMD), Kopin Corporation and Jade Bird Display (JBD). Texas Instruments is listed as a broad incumbent.
Does MAY have an API?
No public API is recorded for MAY.
What industry is MAY in?
MAY's product category is Microdisplay Manufacturing. Its primary akta.pro industry code is HDAHACAJ, Foundry Platform & Design Enablement Services (PDK/DFM/Process Qualification), with a secondary code of HDAHADAB, Advanced Packaging (2.5D/3D-IC, Fan-Out WLP, Chiplets). Its NAICS code is 33441 and its SIC code is 3825.