Stay updated with breaking news from Steen Strand. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The FBI and a U.S. investment-screening panel are investigating a Chinese investment in an aircraft startup following allegations of improper technology transfer to China, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
Snap Acquires AR-Focused WaveOptics for $500 Million The U.K.-based company already supplies Snap with the displays for its new Spectacles smart glasses Sean Burch | May 21, 2021 @ 9:42 AM In its biggest deal to date, Snap Inc. has acquired augmented reality startup WaveOptics for $500 million. Snap, the parent company of Snapchat, was already familiar with WaveOptics before the deal, with the U.K.-based company supplying the displays for the latest version of Spectacles, Snap’s AR-powered smart sunglasses. The Verge was the first outlet to report the news on Friday. Snap will pay for ha...