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Apple, LG, Valve teaming up for investment in eMagin for VR and AR

Apple has teamed with LG and Valve to invest in eMagin's OLED microdisplays. (Source: eMagin)
Apple has teamed with LG and Valve to invest in eMagin's OLED microdisplays. (Source: eMagin)
Apple has teamed up with LG and Valve to invest in eMagin, a company that has developed industry-leading technology in OLED microdisplays for use in AR and VR headsets. The move is indicative that Apple could be on track to release a headset in the near future.

Apple, LG and Valve have entered into a partnership with eMagin, a company that specializes in making small OLED displays for use in VR and AR headsets. A filing with the US Securities and Exchange Commission (SEC) reveals that the deal is worth US$10 million and which saw the trio of companies pick up 6,451,613 shares in exchange. The trio also has the option to purchase an additional 2,580,645 shares should they choose in the future at a price that hasn’t been disclosed.

Following news of the deal, eMagin’s (EMAN) shares were trading higher at 5.45 percent, closing at US$1.45. The eMagin statement to the SEC advises:

We entered into strategic agreements with multiple Tier One consumer product companies for the design and development of microdisplays for consumer head mounted devices and, together with these companies, negotiated with mass production manufacturers for higher volume production capabilities.

Valve and LG have already shown their hand when it comes to VR headsets, although with varying degrees of success. Apple, meanwhile, is known to be developing AR technology that could lead to the introduction of a headset. This development suggests that it may now be well down the road towards delivering a commercially shipping product. The Cupertino giant has made AR Kit available to developers for use in creating AR experiences using the iPhone camera, underscoring its commitment to the technology.

Apple has also partnered with LG on many occasions for displays used across many of its products, so it would come as no surprise that Apple would be interested in working closely with LG on the development of new display technologies. The inclusion of Valve in the deal is intriguing, as it suggests that Apple may also be interested in developing entertainment experiences, including gaming, in its plans for a AR and/or VR-capable headset.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 02 > Apple, LG, Valve teaming up for investment in eMagin for VR and AR
Sanjiv Sathiah, 2018-02-11 (Update: 2018-02-11)
Sanjiv Sathiah
Sanjiv Sathiah - News Editor
I have been tech-obsessed from the time my father introduced me to my first computer, an Apple ][. Since then, I have grown to enjoy exploring and experimenting with any computing platform that I can get my hands on – I am the definitive early adopter! I have always been interested in how we can use technology to shape and improve our lives, most recently using it to record, mix and master my debut record, Acuity – Nature | Nurture out now on Spotify.