On August 9, GoerTek Inc. announced that, in order to promote the maturity of Micro LED–related technologies and products and to support the future development of its AI smart glasses and AR (augmented reality) business, its controlling subsidiary, GoerTek (Hong Kong) Co., Ltd., plans to provide a five-year interest-bearing loan with equity return rights of up to USD 100 million to UK-based Haylo using its own funds. Haylo will use the loan to acquire 100% equity of Plessey Semiconductors Limited (“Plessey”) and to inject additional capit...