Nanosys Acquires MicroLED Firm Glō
Completes Nanosys display technology portfolio
Silicon Valley-based quantum dot company Nanosys has acquired glō, a microLED display company. The transaction expands Nanosys' capabilities and technology offerings, accelerating the company's development and progress toward the widespread adoption of microLED and nanoLED display technology for future displays.
Founded in 2003, glō developed highly efficient xGaN microLEDs based on unique methods and processes. The acquisition fills a key role in Nanosys' technology roadmap, positioning Nanosys with display technologies from miniLED to OLED and MicroLED to NanoLED.
Prior to the acquisition, glō had invested over $200 million in its technology, which funded development of best-in-class microLED epitaxy, device and transfer technology, resulting in leading microLED performance at the smallest dimensions.
According to Eric Virey, of Yole Développement1, this acquisition positions Nanosys with a unique and broad technology portfolio to address all future display applications. “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.”
“Nanosys created a vibrant, growing marketplace for our proprietary quantum dot technology over the past two decades,” said Jason Hartlove, Nanosys president amd CEO. “Combining the best Quantum Dot and microLED technologies allows Nanosys to unlock the disruptive potential of microLED by lowering production cost and maximising 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.”