Reports in the national press on 20 August revealed that Plessey Semiconductors, a Plymouth-based company stated to be one of Europe’s oldest semiconductor companies and the world’s most technically advanced microLED business, had been acquired by Haylo Labs, an offshoot of Haylo Ventures. In its own press release, Plessey Semiconductors omitted to mention that around £85M of Haylo Labs’ investment funding was derived from Goertek, a Chinese electronics manufacturer of high precision components, wearable, VR/AR, hearable and home products.
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