What They Say
Nanosys is planning to go for an IPO via a SPAC, GigInternational1 Inc according to a report by Bloomberg, unconfirmed by either company at press time. Gigainternational1 was set up in May and raised $209 million with an aim to make acquisitions in the tech sector.
What We Think
After 20 years, it wouldn’t be surprising to see Nanosys cash in and certainly, with Samsung positive on QDOLED and an expanding share for QD-based products, this could be a good time. We’ve been reporting on Nanosys since 2010 with over 250 articles since that first article. The firm started with the idea of putting its QDs into tubes alongside backlight LEDs, like the defunct QD Vision. However, it shifted to use the QDs in QDEF films in 2011 and with 3M in 2021 and kept working on QDs in other configurations. Its announcements at SID this year were probably the strongest set of announcements in the period since we started tracking as there were a range of different initiatives. Although, as GE pointed out at Display Week, QD market penetration has tended to lag the forecasts for its penetration, nevertheless, the progress has been steady with technical barriers overcome. (BR)
Jason Hartlove, CEO of Nanosys at the QD Forum in 2019
