Apple acquires LED-display maker LuxVue

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Apple has acquired a 5-year old, micro LED startup called LuxVue, for an undisclosed sum.

In the last 18 months, Apple has made 24 discreet acquisitions.

According to CNET, the California based company ‘LuxVue’ makes low-power micro LED-based displays for use in consumer electronics.

Apple’s spokesperson said that the company buys small tech companies very often, and generally they do not discuss their plans.

Apple CEO, Tim Cook said that the goal with the company’s acquisitions is not to make flashy entrances into new markets.

He added that it’s about adding potentially valuable talent and technology to Apple’s core products and its R&D efforts.

Filed in: News

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