Samsung Display has acquired organic LED developer Cynora of Bruchsal, Germany for about $300m.
Samsung was already an investor in Cynora which develops OLED materials to improve both rigid displays and foldable, flexible and transparent displays.
The company claims to be a pioneer of thermally activated delayed fluorescence (TADF) and has blue and green emitter solutions that aim to improve the power efficiency and color contrast of OLED displays. Its first product a fluorescent blue emitter, debuted in March 2020.
Samsung is apparently only interested in the intellectual property and patents and not the company and employees say local reports.
The company may have been running low on cash in need of an exit to return funds to backers, according to a Bloomberg report that referenced unnamed sources.
- Cynora secures US$25M in series C round, names new CEO
- Flexible OLED prototype points way to mass production
- Solution-processed OLEDs printing enables virtually any colour
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