The LuxVue acquisition could be one of the 24 deals that Apple made in a span of 18 months.
Apple snagged a startup that makes low-power microLED-based displays, TechCrunch reports.
LuxVue Technology, a California-based company, has raised over $43 million in funding, including a recent $25.2 million series C round last year. Investors include Kleiner Perkins and iD Ventures America.
LuxVue also filed several patents on micro-LED technology last year, according to a post on PatentDocs. Sources told TechCrunch that Apple bought the company to boost its hardware.
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Meanwhile, Apple has half-heartedly confirmed the acquisition, responding with the familiar PR template: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
That could be a yes.
The LuxVue deal could also be one of the 24 acquisitions that Apple made in the past 18 months. Indeed, Apple is on a prowl.