Samsung eyes OLED market with $350 million acquisition

The Korean group buys German OLED company as it aims to improve performance of its latest displays.
OLED displays are widely used in the smartphone market
OLED displays are widely used in the smartphone market
August 12, 2013

Samsung Electronics and Cheil Industries have agreed to pay €260 million ($350 million) for a 90% stake in Novaled, a German company that specialises in improving the performance of organic light-emitting diodes (OLEDs) used in smartphone displays and the next generation of televisions.

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