Founded in 2011, Magic Leap is a wearable device technology company. At present, the company’s main product is a glasses-style wearable computing device, and its final image effect is equivalent to a 3D movie. Saudi Arabia’s sovereign wealth fund (PIF) has invested another $450 million in Magic Leap. Because of this capital increase, Saudi PIF’s shareholding ratio exceeded 50%, officially becoming the controlling shareholder of Magic Leap.
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