Apple buys low-power display startup LuxVue

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL +0.2%) has acquired LuxVue, a startup working on low-power consumer electronics displays based on micro-LEDs, a technology whose proponents have argued can enable screens with higher brightness and lower power consumption than today's LCDs and OLEDs.

LuxVue has filed for several micro-LED patents, and has raised $43M in funding. Famed VC John Doerr, among LuxVue's backers, claimed last year the company had achieved "a technical breakthrough in displays."

Tim Cook stated last week Apple has bought 24 companies in the last 18 months. If one assumes LuxVue is part of the group, 16 of those acquisitions are now publicly-known.