According to online sources, Google has agreed to buy startup Raxium, which specializes in developing micro-LED displays for use in augmented reality devices. The amount of the transaction was not disclosed, but it is known that the startup is valued at 1 billion issue at the time of negotiations.
Little is known about the Raxium startup at the moment. During its existence, the company has not released any commercial product, but it is known that its activities are focused on the development of displays on tiny light-emitting diodes (Micro LED), aimed at use in augmented reality devices. How far the developers have progressed in this direction is unknown.
Currently, many developers of AR and VR headsets use OLED displays from the South Korean company Samsung. However, in the future, devices of this category will use micro-LED displays, so work in this direction can be very promising. This is understood by IT giants who have long had their eye on startups developing micro LED displays. For example, Apple bought the micro-LED display developer in 2014, and Meta Platforms is collaborating with Plessey in this space. Samsung is also interested in this segment and is already selling micro LED TVs.