Apple has quietly acquired LuxVue Technology, a low-profile micro-LED display tech company and later Apple’s spokesperson has confirmed the news on Friday, May 2, saying that “Apple buys small technology companies and generally do not disclose the purpose or plans.” This has become its common comment after the acquisitions, since recent times.
LuxVue Technology, a Santa Clara, California-based firm was founded in 2009, since then, it was actively working on micro-LED displays. It had raised around $46 million in funding from venture capitalists like iD Ventures America and Kleiner Perkins, that includes the $25.2 million raised in December 2013. The company is very little-known and it doesn’t setup its own website, till date.
Kleiner Perkins’ official website shows an “acquired” status in LuxVue’s listing webpage.
Rumors also suggests that Apple could look into the LuxVue technology’s power-saving micro-LED display tech to use it on its rumored iWatch wearable device, as the company is specialized in developing displays for small-screen devices.
Last week, Apple CEO Tim Cook said that his company is on acquisition spree and revealed that Apple had added 24 low-profile companies to its catalog in last 18 months, however, he hasn’t specifically revealed any firm’s name. He said the following:
“We are not in a race to spend the most or acquire the most. We’re in a race to make the best products that enrich people’s lives.”
Those 24 Apple acquisitions includes, Israel-based PrimeSense, a company behind Microsoft’s Xbox 360 Kinect, for around $345 million, social media research firm Topsy and chip-maker Passif semiconductors.
Last year, at Disrupt SF event, Kleiner Perkins partner John Doerr announced that LuxVue made a technical breakthrough in displays by developing power-saving brighter micro-LED displays. It’s also reported that LuxVue had already filed several patent applications related to LED technology, which might be the Apple’s area of interest.
Technically speaking, OLED is the advanced version of LED, while micro-LED beats’em all! Hence, it’s eventually possible that Apple could begin testing the micro-LED display technology on its upcoming iPhones, iPads and rumored iWatch or any other products that boasts a display screen, along with the Sapphire glass protection. How’s that could be? According to some strong rumors, Apple could use flexible P-OLED (Plastic OLED) displays to its first set of smartwatches, possibly from LG Display.