Swedish GaN microLED firm glō bought
The deal significantly expands Nanosys’ quantum dot technology with a microLED capability for microLED and nanoLED display technology for future displays.
glō had raised $161m according to Crunchbase, although Nanosys point to over $200m invested in the development of microLED epitaxy, device and transfer technology since it was glō was fonded in 2003 as a university spinout. The company develops highly efficient xGaN microLEDs with a patented room-temperature wafer transfer technology. This allows millions of RGB microLEDs can be transferred with high yields, bonded to active backplanes made out of Si, glass or flexible substrate materials. glō nLEDs demonstrate 10X brightness and power advantage over OLED.
Nanosys says the acquisition fills a key role in its technology roadmap and means the company has a capability across all technologies from miniLED to OLED and MicroLED to NanoLED. Nanosys iself has raised over $186m in venture capital.
“MicroLED is one of the greatest potential display technologies but there is one problem: cost. To deliver on this potential, microLED pixels must be ultra small, bright and cost effective. The market currently lacks a cost effective microLED solution with ultra small and bright pixels. Bringing microLED together with Quantum Dot is an exciting opportunity to unlock the growth potential in this market,” said Eric Virey, of Yole Développement.
Consumer electronics brands have shipped more than 35 million devices from tablets to monitors and TVs based on Nanosys’ proprietary quantum dot technology.
“Nanosys created a vibrant, growing marketplace for our proprietary quantum dot technology over the past two decades,” said Jason Hartlove, Nanosys President & CEO. “Combining the best Quantum Dot and microLED technologies allows Nanosys to unlock the disruptive potential of microLED by lowering production cost and maximizing performance. Together, we can create the smallest, brightest, lowest cost pixels that will enable microLED to penetrate the mainstream TV market and open the doors for new applications in AR, automotive and beyond.”
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