Not to be confused with micro-LED displays, OLED microdisplays have found their ways into microscope and camera viewfinders in the medical, military and creative fields. Recently, though, virtual and mixed reality demand has shot up and as new headset products continue to drive the demand for innovation in this field, there is at least one company that will benefit directly from its potential customer base.

CNET reports that eMagin of New York has notified the Securities & Exchange Commission that it has sold $10 million in shares on top of existing inventory to five companies. One is Immerex, an upstart in VR entertainment, but three others are more familiar names: Apple, LG Display and Valve Corporation.

Valve, in tandem with HTC, recently put out the second iteration of the PC-powered Vive headset as well as a wireless, standalone headset as well. Meanwhile, LG Display could leverage its investment into technologies sharing and licensing as it continues to ramp up mobile OLED display production. The two have also collaborated on a head-mounted VR display.

Apple has long been rumored to be developing consumer hardware in the field, but only has software development kits for augmented reality apps.

eMagin’s highest resolution product is also one specifically dedicated to VR — a 2048 x 2048 microdisplay with light generation capacity of over 70 percent.

You May Also Like
MediaTek 5G chipset

MediaTek 5G chips could power some Samsung smartphones

According to a recent report from China, MediaTek is actively sampling its 5G chips to Samsung, potentially powering some Galaxy devices next year.

HUAWEI will equip more devices with Harmony OS next year

According to a HUAWEI spokesperson, the company is planning on rolling out its own, operating system, Harmony OS, to more devices starting 2020.

Pocketnow Daily: Samsung Galaxy S11 SPOTTED In the Wild! (108MP Unique Camera) (video)

On today’s Pocketnow Daily, we talk about the real life leaked images of the Samsung Galaxy S11, the new OnePlus 8 Lite and more