SAN FRANCISCO: Facebook has acquired British company Plessey, a maker of Micro-LED displays for Augmented Reality (AR) devices, for an undisclosed sum.
Plessey, an embedded technologies developer in displays, designs and manufactures LED materials and products from their facility in Plymouth in England.
"Under the new multi-year agreement Plessey will dedicate operations and manufacturing capabilities, as well as grant an exclusive license to a number of its IP, to assist Facebook prototype and develop microLED wafers for potential use in future AR/VR products," Facebook said during a statement on Monday.
There were reports that Apple had expressed an interest in acquiring Plessey to push its AR dreams. Apple is reportedly getting to release a combined AR/VR headset by 2021 or 2022, followed by a pair of AR glasses in 2022 or 2023.
Facebook said that its AR/VR team is concentrated on building a subsequent computing platform centred around people.
"With a future AR glasses product, we envision a glasses form factor that lets devices melt away so we will be more present with our friends, families, and surroundings," said the corporate.
This will take years, so across AR/VR, "we're continuing to invest in extensive research on this deep tech stack and components like small-scale displays".