Samsung to buy OLED pioneer for $200 million?

Posted on Friday, Aug 02 2013 @ 12:27 CEST by Thomas De Maesschalck
Samsung logo
EE Times came across a rumor that Samsung is in negotiations with Novaled AG to buy the German OLED pioneer for around $200 million.
Novaled AG has cooperated with Samsung in OLED materials and products since 2005 and provided proprietary OLED technology to Samsung Mobile Display for use in the production in AMOLED display modules. In 2011 Samsung invested an undisclosed sum of money in Novaled. (See Samsung invests in OLED pioneer Novaled.)

Novaled, which was founded in 2001 as a spin-off from the Technical University of Dresden and the local Fraunhofer Institute, has an extensive patent portfolio. The company is likely to be acquired by Chiel Industries, a subsidiary of Samsung Electronics, according to Korea's ETnews.com.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



Loading Comments