According to a report from TechCrunch.com, Apple Inc. (NASDAQ:AAPL) has acquired a shadowy company that works on micro-LED screen technologies. TechCrunch reached out for a response to Apple today and received the same boilerplate that they send all of us on occasion. In the snide answer sent to TC, Apple gave the website a statement that we’ve come to know and hate, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
What little of LuxVue Technology is this, wait, I’ve already said something about micro-LED technology. Ah, I got one, the company raised $43 million in funding from Kleiner Perkins, iD Ventures and America among others in its last year of funding and was presumably purchased to shore up Apples hardware innovations department.
Value Partners Asia ex-Japan Equity Fund has delivered a 60.7% return since its inception three years ago. In comparison, the MSCI All Counties Asia (ex-Japan) index has returned just 34% over the same period. The fund, which targets what it calls the best-in-class companies in "growth-like" areas of the market, such as information technology and Read More
Last year, VentureBeat reported that the recently acquired company has filed for several patents related to, you guessed it, micro-LED screen technologies. One can only assume that Apple Inc. (NASDAQ:AAPL) would look to this acquisition in order to improve battery life and brightness. At last year’s Disrupt SF, John Doerr mentioned the company by name saying that LuxVue had “a technical breakthrough in displays.”
Speculation on Apple’s acquisition
Apple Inc. (NASDAQ:AAPL) has acquired a believed 24 companies in the last 18 months according to Tim Cook during Apple’s latest earnings call. While a number of those have been made public, a fair share have not. There is a good chance that LuxVue falls into the latter category, but even that is not certain.