Apple Acquires Power Efficient LED Tech Company LuxVue

TechCrunch

Screen_Shot_2014-05-02_at_1.51.03_PM Apple has acquired LuxVue Technology , a stealthy company that had been working on micro-LED, screen technologies, we’ve heard from sources close to the transaction. The company had raised $43 million in funding from Kleiner Perkins, iD Ventures America and others. Apple has given us a statement which reads “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” which is as close to a conformation as the company usually gives on acquisitions.

LuxVue had managed to remain fairly quiet over the past few years, and what we know is that the company develops low-power, micro-LED-based displays for consumer electronics. We’ve heard Apple acquired the company to add to its hardware innovations area.

Because the company is working on mirco-LED displays, this could mean that the technology could be integrated into Apple’s hardware for better battery life and screen brightness. VentureBeat reported…

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