Samsung Buys OLED-Maker Novaled

Posted by at 11:27 am on August 9, 2013

Samsung has agreed to buy Novaled for $347 million, reports the Wall Street Journal.

Novaled, which is based in Germany, creates OLED lighting and display technology. Samsung is purchasing Novaled through one of its affiliates, Cheil Industries. The company said it expects the acquisition to help improve its next-generation display technology.

Samsung intends to use Novaled to help it create better OLED panels across a range of its own products, such as mobile devices and television sets

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·