Awesome deals, Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Get 15% discount on Thinborne cases!

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

    Apple’s next-gen 11-inch iPad Pro could use Samsung’s OLED panel

    Apple’s next-gen 11-inch iPad Pro could use Samsung’s OLED panel

    Samsung has been supplying OLED screens for iPhones and Apple Watches for a few years now. And for the first-ever iPads with OLED screens, Samsung will again be the display panel supplier. However, reports indicate that the orders will reportedly be split between Samsung Display and LG Display. Samsung will share OLED iPad Pro display […]

    • By Asif Iqbal Shaik
    • 5 days ago
    Samsung partners with FlexIt to bring health and wellness training to its TVs

    Samsung partners with FlexIt to bring health and wellness training to its TVs

    Last month, Samsung unveiled its new lineup of smart TVs that includes QLED TVs, Neo QLED TVs, OLED TVs, and Micro LED TVs. All these new TVs run a new version of Tizen (7.0) that brings new content, connectivity options, and features. They also feature Samsung Daily+, which is a central hub where users can […]

    • By Asif Iqbal Shaik
    • 6 days ago
    Samsung tricked me out of vivid display mode and I am thankful for it

    Samsung tricked me out of vivid display mode and I am thankful for it

    One very unexpected side effect of using the Galaxy S24+ for the past few weeks is that I'm no longer interested in Samsung's vivid display mode. I know! The vivid mode is iconic among Galaxy phone users, and like many others, I have used it exclusively for years. It was my default setting for Samsung's […]

    • By Mihai Matei
    • 6 days ago
    Samsung is getting ready for Discover Spring Sale 2024

    Samsung is getting ready for Discover Spring Sale 2024

    Samsung is getting ready for springtime and has announced a new Discover sales event for the season. The company says spring is “the perfect time to gear up and get moving on your goals,” and wants to help its customers on that task with new deals, starting the week after next. For the first time, […]

    • By Mihai Matei
    • 7 days ago
    Fear of China’s OLED gains sparked Samsung and LG’s budding romance

    Fear of China’s OLED gains sparked Samsung and LG’s budding romance

    Samsung and LG are both major Korean conglomerates that also compete against each other in various industries, such as component manufacturing, electronics, and home appliances. LG used to make phones back in the day as well but has since given up on that business. Samsung Display and LG Display are the leading South Korean display […]

    • By Adnan Farooqui
    • 7 days ago
    Not yet on sale, Samsung’s 2024 TVs show up at another tech event

    Not yet on sale, Samsung’s 2024 TVs show up at another tech event

    If you have followed our CES 2024 coverage, you probably remember that Samsung unveiled its 2024 range of Neo QLED, OLED, and lifestyle TVs at the event in Las Vegas at the beginning of the year. However, these 2024 TV lineups are not yet available for purchase, and your best bet to see these new […]

    • By Mihai Matei
    • 1 week ago