Samsung Ventures pours money into Nanosys, a Quantum Dot display manufacturer

Nanosys, a manufacturer of Quantum Dot displays, has confirmed that it has received an investment from Samsung Venture Investment Corporation. SVIC is the venture capital arm of the Samsung Group and this latest round of funding is a follow-up on the investment made back in 2010. Nanosys is going to use the new funds for expanding production capacity as demand for its displays grows rapidly.

The company has not revealed the exact amount of funding that it has received from Samsung Venture Investment Corporation, it has only confirmed that the funds will be used to expand production capacity. Some of the company's customers for its Quantum Dot display technology include TCL, Changhong and Hisense. Michael Pachos, director at SVC, said: “Our investment in Nanosys is consistent with our strategy to work closely with established market leaders.”

Via Source

Adnan Farooqui - Executive Editor

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Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

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