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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology - Finance news and analysis from Global Banking & Finance Review
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EssilorLuxottica, Applied Materials strike deal to develop smart glasses, AR technology

Published by Global Banking & Finance Review

Posted on June 16, 2026

1 min read

· Last updated: June 16, 2026

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EssilorLuxottica, Applied Materials Sign Deal for AR Glasses Development

Strategic Partnership to Advance Augmented Reality and AI Glasses

Overview of the Agreement

June 16 (Reuters) - EssilorLuxottica, the world's largest eyewear maker, has signed a long-term deal with U.S. chipmaking equipment company Applied Materials to develop augmented reality display technology and AI glasses, the companies said on Tuesday.

Key Players Involved

EssilorLuxottica

The world's largest eyewear maker, known for its innovation in optical products.

Applied Materials

A leading U.S. chipmaking equipment company, contributing expertise in advanced technology.

Implications of the Collaboration

Technological Advancements

The partnership aims to accelerate the development of cutting-edge AR display technology and AI-powered glasses.

Market Impact

This collaboration is expected to influence the future of wearable technology and smart eyewear.

Additional Information

(Reporting by Gianluca Lo Nostro; Editing by Emelia Sithole-Matarise)

Key Takeaways

  • EssilorLuxottica and Applied Materials will collaborate on AR display and AI glasses innovations, leveraging Applied’s materials‑engineering expertise to enhance wearable optics.
  • This deal complements EssilorLuxottica’s existing momentum, including smart‑eyewear production scaling in Italy and strong demand for Meta‑partnered AI glasses.
  • The AR smart‑glasses segment is heating up, with new entrants from Google, Samsung and Apple intensifying competition in an increasingly crowded market.

Frequently Asked Questions

What companies are involved in the new smart glasses deal?
EssilorLuxottica and Applied Materials have signed a long-term deal to develop smart glasses and AR technology.
What technology will EssilorLuxottica and Applied Materials develop?
They will work on augmented reality display technology and AI-enabled glasses.
When was the EssilorLuxottica and Applied Materials agreement announced?
The agreement was announced on June 16.
What is the main goal of the EssilorLuxottica and Applied Materials partnership?
The main goal is to develop advanced AR display technology for smart glasses.

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