Last month Apple decided to cancel its microLED Watch project, which had very bad consequences for many microLED developers. Ams-Osram is still considering its options and it estimates its loss at $650-900 million, while Singapore-based electronics assembly solutions provider Kulicke & Soffa announced that it was also effected, to the tune of $110-130 million as it cancelled its own project with Apple.
KLA Corporation recently announced that it is withdrawing from the FPD market altogether. The company entered this market when it bought Israeli Orbotech for $3.4 billion, developer of inspection equipment for the semiconductor and display industries.
We now learn that KLA's display inspection business unit suffered from a decline in its business for several years, and the current decision to close the unit was due to a project cancellation with a major customer - likely Apple.
