Raxium, a five-year-old business focusing on producing microLED displays for AR and VR applications, has apparently been acquired by Google.
The terms of the acquisition are undisclosed, but according to a storey from The Information, Google valued Raxium at $1 billion.
MicroLED is similar to OLED in that it does not have a backlight and instead emits light from each pixel.
North, a pioneer in human computer interfaces and smart eyewear, was bought two years ago, and the company has created a strong technological foundation.
After failing to impress with the consumer edition of their $1500 Glass, Google released the Google Glass Enterprise Edition 2, which features a better camera, USB-C type interface, and safety frames.
The first Google Glass was introduced with much fanfare in 2014.
It promised a new, vibrant era for information at $1,500.
People, on the other hand, recognised that the device was not yet ready to become a part of their daily life. There were concerns about safety and health. Privacy and piracy concerns were also raised by the built-in camera.