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Snap is buying its AR display supplier for more than $500 million

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The New York Times
SOURCE: https://www.theverge.com/2021/5/21/22447150/snap-waveoptics-acquisition-500m-spectacles-waveguides
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Summary

Snap has agreed to buy WaveOptics, the supplier of key components in its fourth-generation augmented reality Spectacles glasses. WaveOptics makes waveguides and light projectors for AR.

As said here by Alex Heath