Apple employees walk towards the Apple Headquarters to attend Apple co-founder Steve Jobs' memorial service in Cupertino, California, on October 19, 2011. Apple stores across the country shut their doors for a few hours on Wednesday to allow its employees to participate in a staff celebration of the life of Jobs. AFP Photo/Kimihiro Hoshino (Photo credit should read KIMIHIRO HOSHINO/AFP/Getty Images)
Apple acquired micro-LED company LuxVue Technology, according to reports released Friday.
LuxVue Technology, which worked on micro-LED, recently raised $43 million in funding, so apparently it had investors believing in its potential, according to TechCrunch. Apple confirmed the deal in a statement, saying, "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," which TechCrunch took as a confirmation of the news.