Aug 31, 2017: Google Inc has acquired13% stake in Glo, a university spin-out that creates nanowire-based LED-displays for mobile phones and smart watches, and AR- and VR-applications. Google has invested US$15 million in he company.
Since 2008, Sweden-based Glo has been commercializing its technology for creating direct view displays of nanowire-based LEDs. Glo has received about US$ 140 million from some major investors like Wellington Partners and Sweden-based Foundation Asset Management.
Glo’s technology is based on research conducted at the Center for Nanoscience at Lund University. Its display technology is based on micro LED, which gives better contrast and consumes less power than LCD screens. It also yields higher brightness than OLED. The small diode size of micro LED-displays helps to increase the resolution on very small screens, like in smart watches or VR- and AR-goggles like Google Glass. According to Glo’s 2016 annual report, the company expects $45 million from this funding.
Apple and Facebook-owned Oculus have also acquired start-up companies within the field of micro LED.
According to ResearchAndMarkets, the global micro-LED market is poised to grow at a CAGR of 53.2% over the next decade to reach about $19.89 billion by 2025.