Although no details of the deal have been unveiled, the investment in Novaled will serve to strengthen the company's position as it looks to open avenues in the OLED market. Novaled will also look to draw on Samsung's expertise with the technology, especially in its display division, to offer customers improved products, reports Businesswire.
One area of interest to Samsung is Novaled's PIN OLED technology, which aims to reduce energy consumption while offering longer lifetimes.
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BusinessWire report
Samsung Venture Investment Corporation becomes a shareholder in Novaled AG
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