Nanosys buys Sweden's microLED developer

May 24, 2021 // By Peter Clarke
Nanosys buys Sweden's microLED developer
Nanosys, a US supplier of quantum dot technology to the display industry, has said it has bought Swedish developer of GaN nanowire microLED displays called Glo.

The amount paid was not disclosed.

Nanosys Inc. (Milpitas, Calif.) was founded in 2001 and is a supplier of metal-free quantum dots while Glo, founded in 2003, is a developer of microLED displays.

The acquisition fills a previous gap in Nanosys’ technology roadmap and will allow it to offer access to technologies from miniLED to OLED and MicroLED to NanoLED.

Prior to the acquisition Glo had invested more than $200 million in developing its technology, Nanosys said.

"Bringing microLED together with quantum dot is an exciting opportunity to unlock the growth potential in this market," said Eric Virey, of Yole Développement, in a statement issued by Nanosys.

Jason Hartlove, CEO of Nanosys, said: "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."

Nanosys quantum dot technology has been shipped in more than 35 million consumer electronics devices, the company said.

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