Samsung looking to acquire OLED tech-maker Novaled

Samsung looking to acquire OLED tech-maker Novaled

Samsung is reportedly looking to acquire Germany-based Novaled, which specializes in PIN OLED technology that can reduce energy consumption while at the same time enhancing OLED panel’s shelf life.

And it’s not really one of those out-of-nowhere news. Back in 2011, Samsung’s Venture Capital arm, Samsung Venture Investment Corporation (SVIC) invested in Novaled, and now they’re apparently going for the “whole thing.”

The official announcement is expected to come out later this week with Bloomberg suggesting Samsung could buy the company for more than $200 million.

It’s likely Novaled’s technology will find its place in the future OLED panels made by the Korean giant, making sure our phones can last longer without the additional charge…

[Via: SammyHub]

  • PeterSteinbeck

    Sounds like a smart move. To get more of that screen tech…

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