We got the best Samsung deals! Galaxy S24 Ultra, Watch 6, Z Fold 5 or, Z Flip 5.

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung buys German OLED company Novaled AG

    Display
    By 

    Last updated: August 9th, 2013 at 13:59 UTC+02:00

    Over a week after rumors indicated that Samsung may be interested in buying German-based OLED company Novaled, the Korean manufacturer has officially confirmed that it will be acquiring a 90 percent stake in Novaled for 311 billion won ($279.42 million), through its affiliate Cheil Industries Inc. (an electronic material, chemical and textile unit of the Samsung Group).

    Coupled with the existing 9.9 percent stake, Samsung Group now effectively owns all of Novaled. With over 500 patents, Novaled specializes in high-efficiency, long-lifetime OLED structures, which should help Samsung in decreasing power consumption and improve longevity of its AMOLED panes. Samsung has shown that it is not going to move away from OLED screens despite most other manufacturers opting for LCD (which is great in its own right), so the buyout doesn't come as a surprise as the company strives to improve their screen technology.

    Source

    Display AMOLEDNovaledOLEDSamsung Group

    You might also like

    Pre-order a 2024 Samsung TV and get a 2nd 65-inch model for free

    Pre-order a 2024 Samsung TV and get a 2nd 65-inch model for free

    Samsung's new 2024 TVs, unveiled at CES in Las Vegas in January, are now available for pre-order. The latest models include a new Frame, OLED TVs, and Neo QLED 4K and 8K models. Each series is available in different sizes and configurations. But no matter which one you decide to pre-order, Samsung is rewarding early […]

    • By Mihai Matei
    • 1 day ago
    Pre-orders for Samsung’s new OLED and Neo QLED TVs are now open in USA

    Pre-orders for Samsung’s new OLED and Neo QLED TVs are now open in USA

    At CES 2024 earlier this year, Samsung unveiled its new TV and soundbar lineup. However, the company had not revealed the pricing or launch dates of its new TVs and soundbars at the time. Today, Samsung has started taking pre-orders for its new Neo QLED and OLED TVs. Its Music Frame wireless speaker is also […]

    • By Asif Iqbal Shaik
    • 4 days ago
    Samsung plans to expand sales of its OLED TVs this year

    Samsung plans to expand sales of its OLED TVs this year

    Samsung entered the OLED TV market quite late. Despite being a decade late to the market, Samsung has been rising through the ranks quickly. This year, the company expanded its OLED TV lineup, and it is planning to convert that into higher sales. Samsung has a plan to match LG in OLED TV sales Earlier […]

    • By Asif Iqbal Shaik
    • 2 weeks ago
    Samsung running promotions for its new QLED, Neo QLED, and OLED TVs in Korea

    Samsung running promotions for its new QLED, Neo QLED, and OLED TVs in Korea

    A few days ago, Samsung announced the prices and pre-order details for its 2024 TV lineup in South Korea. The company has now announced promotional activities before launching its new TVs in its home market. Samsung held the ‘Unbox & Discover 2024' launch event in South Korea for its new QLED, Neo QLED, and OLED […]

    • By Asif Iqbal Shaik
    • 2 weeks ago
    Work begins on Samsung’s most-advanced OLED production line yet

    Work begins on Samsung’s most-advanced OLED production line yet

    Samsung Display is investing a huge amount of money in developing a new production line for OLED displays in a bid to maintain its dominance in the market amid a relentless push from Chinese display manufacturers. The company has confirmed that work has begun on its 8.6-generation OLED manufacturing line, which would be the company's […]

    • By Adnan Farooqui
    • 2 weeks ago
    Samsung S90C OLED TV and Q900C soundbar get fantastic Spring Sale deals

    Samsung S90C OLED TV and Q900C soundbar get fantastic Spring Sale deals

    Samsung's Discover Spring Sale 2024 event is officially here after a weekend of early access discounts. The company kicks off this week-long sale event with fresh deals on select Bespoke home appliances and, more to the topic at hand, the S90C OLED TV and the Q-Series Q900C soundbar. Starting today, March 4, Samsung's S90C OLED […]

    • By Mihai Matei
    • 3 weeks ago