According to the Omes Consulting, Google will be the next group interested in the Ore Strait Innovation Group. Swedish media Rapidus said the technology giant to the equivalent of 120 million Swedish kroner from the Swedish Lund University independent of the nanotechnology core company Glo.
Glo has developed a method for manufacturing nanotube LEDs by controlling growth on silicon substrates. From the past to the lighting industry, Glo has invested in all the resources such as mobile phones, tablets and VR (virtual reality) glasses display technology. Glo is working with existing display and electronics manufacturers, and according to the latest annual report, the first commercial display with Glo technology will be launched in the second half of 2018.
Photodiode (Gloss diodes) is the industry known as Micro LED a product. Micro LED technology is expected to provide better contrast and energy efficiency than LCD monitors, while also improving the brightness of the Oled display used in many phones. In recent years, Apple and Facebook's Ocolus have acquired some focus on Micro LED development of small technology companies.
Especially for the relevant watch and VR glasses, the need for small diodes to reduce the pixel size, so even in a very small screen can also provide high resolution.
When the VR glasses in the pixel size of 100 microns, people wear easily disgusting. Rapidus board member and market research director Lars Samuelson said VR glasses need to be 10 microns below the pixels.
Now, Google seems to want to go on the same track. Lars Samuelson did not want to comment on Glo's financial situation, but Rapidus has noticed that Glo's file shows that Glo received $ 15 million ($ 99.24 million) this summer by buying all the shares directly from Google. The deal has made Google Group own more than 13% stake in the Skinner Research Institute.
Google's capital injection has just begun. If all goes well, the injection of Glo will grow to three times in the near future.
In a recent annual report, management wrote that Glo would be invested a total of $ 45 million, equivalent to CHF 360 million (equivalent to about $ 288 million). Part of which will be paid in about a year, "capital injection will be achieved in the company to achieve a number of common milestones." In addition to Google, Rapidus participated in the action did not raise funds.
Behind Glo has a very strong capital investment force. The largest investor is a Wellington partner in London, with nearly 19% of the shares before Google's capital injection; followed by the Wallenberg family-owned Foundation Asset Management Company and the Norwegian Nano Future Investment Company.
Over the past few years, including Google, including funds have been invested Glo more than 1.2 billion US dollars (equivalent to about 7.94 billion yuan).
It is reported that Glo in 2008 began operating in Lund and still maintain its legal seat, but also in Skinner also has a cutting-edge research institute. 40-year-old employees (accounting for the vast majority) are mostly located in Silicon Valley, from Google headquarters 15 minutes by car. Glo has some employees in Taiwan, and small offices in Tokyo are closed this spring. Rapidus is trying to find Glo CEO FaribaDanesh and chairman AjitNazre to evaluate the return on capital, but did not succeed.