UPDATE 1-EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

Applied Materials, Inc.
Meta Platforms

Applied Materials, Inc.

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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


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