Samsung Digital Acquires US-Based OLED Microdisplay Maker eMagin

Samsung Display, the world’s biggest OLED display panel maker, has agreed to acquire the US-based OLED microdisplay maker eMagin. The acquisition has been on the cards for a few months now, as there were multiple reports that Samsung was interested in eMagin’s technology that can be used in AR (Augmented Reality) and VR (Virtual Reality) devices.

The acquisition could complete in the second half of 2023, according to eMagin’s press release.

To acquire eMagin, Samsung Display is spending $218 million in cash, reportedly 10% higher than the company’s stock price on May 16, 2023. This acquisition is important for Samsung Display as it wants to expand its OLED microdisplay manufacturing as more AR/VR devices are about to hit the market. While Samsung Display is already making its first-generation OLED microdisplay, it uses color filters, while eMagin’s products use direct emission technology. This technology is reportedly better and could be used in Samsung Display’s second-generation products.

Read the source article at sammobile.com