San Francisco, CA, United States (4E) – Apple has acquired another small technology company, Luxvue Technology, a company that specializes in developing low-power microLED-based displays. It is well-known that microLEDs save battery power and have brighter screen displays.
LuxVue raised an estimated $43 million in funding from Kleiner Perkins and other various investors. The small company isn’t publicly known because it operates under the radar. It has filed for several patents and some investors have even heralded LuxVue’s patents as having “a technical breakthrough in displays,” according to MacRumors.
With the acquisition, analysts expect Apple to release iPhones, iPods, and iPads with longer battery life and brighter screens.
It’s not like Apple didn’t have LuxVue on its radar. LuxVue VP of technology Kapil Sakariya previously worked with Apple for five years as a Display Architect and iPhone Operations and Procurement Manager.
Apple indirectly confirmed its latest acquisition to TechCrunch: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”