Last year, British tech firm, Nanoco announced a partnership with a “large, undisclosed U.S. listed corporation” worth £17.1 million ($21.7 million). The Telegraph now reports that this undisclosed company is none other than Apple. They say that Apple contracted Nanoco to develop quantum dot (QD) technology for the next generation of high tech iPhone camera sensors.
They now also say that Apple has pulled the plug on the project, causing Nanoco to lost almost 80% of its share price. According to BlueFin Research, the decision was made as Apple deems the QD image sensors to be too expensive for mass production.