Samsung Display will acquire a Micro OLED developer headquartered in Dutchess County, New York State for $218 million. eMagin, the merger is expected to close in the second half of 2023.
▲ eMagin production line, picture source: eMagin official website
eMagin stated in a statement that Samsung Display will acquire all of eMagin’s issued common shares at a premium of 10% per share, approximately US$2.08, with a total transaction amount of approximately US$218 million. eMagin has been committed to the research and development of Micro OLED technology for many years and is the leader in the Micro OLED display industry in the United States. Its products are mainly used in high-resolution AR / VR devices, covering consumer, military, medical and industrial, etc.
Industry insiders pointed out that SDC acquired eMagin to strengthen the development of RGB OLEDoS technology. In the short term, Samsung Display will continue to use WOLED+CF technology, and in the long run, it will still aim to develop RGB OLEDoS, aiming at supplying displays to Apple MR devices. As a near-eye display device, MR equipment has extremely high requirements on the image quality and craftsmanship of the display screen. It was previously reported that industry sources said that the Oledos panel of Apple’s mixed reality device will be dominated by Sony in the next few years. It is expected that the Oledos of Apple’s first MR device released this year will be provided by Sony.
