Apple reportedly en route to building its own MicroLED screen

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This can give MicroLED excellent contrast, power efficiency, and viewing angles without OLED's compromises on brightness or longevity.

The company will aim to use the new technology in its wearable computers first, it said. However, the company is expected to deliver MicroLED on the Apple Watch first, since the screen is smaller and therefore easier to control, according to the report. That being said, Apple might still rely on its suppliers for the displays but the dependency will be greatly reduced once the MicroLED panels make it to the mass production. The company, which used to supply GPUs for Apple's iPhones, sold itself to Canyon Bridge in September 2017 after Apple suddenly made a decision to jettison the company to bring GPU development in-house. Apple gets the iPhone X screen from Samsung.

According to a fresh report from Bloomberg, the smartwatch could soon feature the budding display technology, with Apple looking to make a "significant investment" over the coming years.

The report also mentions of another facility that houses technology that handles LED-transfers, a process in which individual pixels are placed into a microLED screen. These MicroLED screens are more hard to manufacture than OLED displays.

Apple Inc.is one of the biggest tech giants in the world with a net worth over $900 billion.

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Bloomberg further reports that Apple's plans are still nascent at this stage. Apple now relies on companies such as Samsung and LG for its device displays, but that could change if the efforts in its Santa Clara facility pay off.

Of course, Apple's research in the area has had its fair share of challenges, with the report noting that the project was nearly cancelled about a year ago.

The new MicroLED Apple Watch prototypes are not yet fully functional. Samsung shares decreased by 0.51 percent, Sharp by 2.57 percent and Japan Display by 1.45 percent.

Apple, it appears, is slowly working to lower its dependence on suppliers for the relevant parts on their devices. Smartphones and other gadgets have been using off-the-shelf display technology. And two, it was imperative for Apple to control as numerous underlying technologies in its products as possible.

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