Tech Advancement
Samsung Display is poised to acquire eMagin, an American Micro OLED company, for 290 billion won ($258 million).
According to industry sources on the 18th, eMagin announced on its website that it has entered into an acquisition agreement with Samsung Display. Samsung Display will invest $218 million (approximately 290 billion won) to fully acquire the shares of eMagin at a per-share price of $2.08. This includes a premium of about 10% on the closing price as of the 16th (local time).
eMagin is the only company in the U.S. that owns micro OLED technology.
Traditional OLEDs have been known to cause dizziness to users when viewed up close as black lines appear between pixels. However, micro OLEDs, composed of smaller OLED units, do not show these black lines. They achieve high resolution by densely connecting small, fine OLED units on the scale of micrometers (㎛·1㎛= 1 millionth of a meter) to semiconductor wafers.
eMagin has secured direct patterning (dPd), a micro OLED technology suitable for Extended Reality (XR) applications. Following this acquisition, Samsung Display is expected to boost its XR display capabilities.