20/08/2025
We are proud to share a landmark moment for Plessey Semiconductors: we have been acquired by Haylo Labs, a venture operator dedicated to scaling microLED businesses.
This marks the beginning of an ambitious new chapter for Plessey. Together, we will accelerate our mission to lead the future of AR/VR and optical computing, and AI-powered devices, industries projected to be worth around £600bn by 2034.
Over the next five years, we will:
• Invest over £100m to scale from low-volume manufacturing to high-volume global production
• Create and protect highly skilled jobs in Plymouth and the wider region
• Build the hardware foundation for the next era of immersive, intelligent computing
MicroLEDs are set to transform next-generation devices, from ultra-efficient AR/VR displays to optical processors that make AI faster, cooler, and more sustainable. With Plessey’s end-to-end capabilities, world-class team, and deep IP portfolio now backed by Haylo’s vision and resources we are ready to bring these breakthroughs to market at scale.
This is a proud milestone for our employees, our partners, and the Plymouth community that has supported us for decades. The journey ahead is bright, and we’re only just getting started.
https://ow.ly/LNHu50WIIjt
London / Plymouth, – Haylo Labs has acquired Plessey Semiconductors, the UK’s leading innovator in mic