Apple acquires LuxVue, maker of advanced LED displays

May 2 2014, 8:40pm CDT | by , in News | Apple

Apple acquires LuxVue, maker of advanced LED displays
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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.

READ ALSO: Apple Sees Growth In China

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.

READ ALSO: Apple bought 24 companies in the past 18 months

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