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Snap acquires AR display provider WaveOptics for $500 million

Shortpedia

Content Team
Image Credit: snap

Snap which is the parent company of popular social media app Snapchat has acquired augmented reality (AR) display provider WaveOptics, that power its new Spectacles glasses, for more than $500 million, the media reported. According to The Verge, the UK-based WaveOptics will continue to supply other firms with its display technology called "waveguides" and work with Snap on custom optical systems.