Samsung Display acquires eMagin to promote innovation and development in the AR/VR industry

It was reported on May 18 that Samsung Display plans to acquire Micro, a company headquartered in Dutchess County, New York, for US$218 million (approximately 1.526 billion yuan). OLED developer eMagin. The merger transaction is expected to close in the second half of 2023.

eMagin stated in its official statement that Samsung Display will acquire all issued ordinary shares of eMagin at a premium of US$2.08 per share (approximately 15 yuan), with a total transaction value of approximately US$218 million (approximately 1.526 billion yuan). billion yuan). For many years, eMagin has been committed to Micro Research and development of OLED technology and become a US Micro The leader in the OLED display industry. The company's products are mainly used in high-resolution augmented reality (AR) and virtual reality (VR) devices, with applications covering consumer, military, medical and industrial fields.

Industry insiders pointed out that the purpose of Samsung Display’s acquisition of eMagin is to strengthen RGB Development of OLEDoS technology. In the short term, Samsung Display will continue to use WOLED CF technology, but in the long term, the company will focus on developing RGB OLEDoS technology and plans to provide displays for Apple’s mixed reality (MR) devices. As a near-eye display device, MR equipment has extremely high requirements on the image quality and process of the display screen.

It was previously reported that Oledos panels for Apple’s mixed reality devices will be provided by Sony in the next few years. It is expected that Apple will use Sony’s Oledos panels on the first MR device released this year.

After this acquisition, Samsung Display is expected to gain a greater competitive advantage in the MR equipment market. Micro The introduction of OLED technology will improve the image quality and performance of Samsung's display products and meet the growing AR/VR market demand. For eMagin, joining Samsung Display will provide it with more resources and opportunities to promote further development of technology and expansion of commercial applications. The completion of this transaction will bring a win-win situation to both companies, and will also bring more innovation and development opportunities to the global AR/VR industry.

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