EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology (updated)
UPDATE 1-EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology Updates throughout with deal details, context on smart glasses
June 16 (Reuters) - EssilorLuxottica ESLX.PA, the world's largest eyewear maker, has signed a long-term deal with chipmaking equipment company Applied Materials AMAT.O to develop augmented reality display technology and AI glasses, the companies said on Tuesday.
Here are some details:
EssilorLuxottica and Applied Materials will scale up commercialisation of AI glasses
Research and development will focus on advanced optical technologies
EssilorLuxottica already leads the AI-glasses market through a long-term partnership with Meta META.O to sell smart glasses under the Ray-Ban and Oakley brands
Their first device with a built-in display, the Ray-Ban Meta Display, was launched in 2025
AI-powered glasses embed a camera, microphone and speakers into a conventional frame, with an AI voice assistant that answers questions and describes surroundings
Augmented reality, which overlays digital images onto the user's field of vision, is a far more complex optical challenge
California-based Applied Materials makes the specialised equipment used to engineer the ultra-thin material layers at the heart of semiconductor chips needed for AR displays
(Reporting by Gianluca Lo Nostro; Editing by Emelia Sithole-Matarise and Barbara Lewis)
((gianluca.lonostro@thomsonreuters.com))
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