Apple Inc. has entered into a deal with Taiwan Semiconductor Manufacturing Co to develop micro OLED displays, according to Nikkei Asia. The California tech giant plans to use the micro OLED displays in its upcoming augmented reality devices. 

  • OLED displays are thinner, smaller and use less power, making them more suitable for use in wearable AR devices.
  • The micro OLED project with TSMC is at the trial production stage and will take several years to achieve mass production.
  • The partnership deepens Apple’s relationship with TSMC, the sole supplier of iPhone processors as the tech giant works to reduce reliance on other major suppliers.

Apple and TSMC stocks are currently gaining. AAPL: NASDAQ is up 0.38%, 2330: TPE is up 0.80%.