Samsung Invests in OLED Maker Novaled

Samsung decided to extend its resource pool, so it took some money and handed it over to Novaled, who got a new shareholder in exchange for it.

Samsung may have given up its stake in the hard disk drive market to Seagate, but this only means it can focus better on other areas.

The field of smartphones and other portable electronics is the one where the company made a move now.

While maintaining its steady flow of smartphones and the like, the company figured it may as well gain access to more OLED technology.

As such, it acquired a stake in Novaled AG, a company based in Dresden, Germany.

“SVIC’s investment confirms the importance of our technology and our specific materials for the OLED industry. Samsung’s shareholding will reinforce our leading position and help serve all our customers better.” says Gildas Sorin, Novaled chief executive officer.

Novaled is involved in OLED (organic light emitting diodes) and has the PIN OLED technology, which reduces energy use and extends product lifetime.

Unfortunately, the official announcement that revealed the signing of this deal did not offer any financial details.

“Our investment in Novaled is consistent with our strategy to work closely with established market leaders.” says Michael Pachos, senior investment manager at SVIC.

“Novaled is a technology leader and has built a significant business in the OLED space. The company has demonstrated both a technical and business vision in driving adoption of OLED displays and lighting and we look forward to contributing to the progress of Novaled.”

For those that don't know, OLED is quite often used for the making of small screens that smartphones utilize. The technology is what allows, or will allow, for the making of paper-thin, brilliant, highly-efficient displays.

Since efficiency is paramount in the mobile sector, it only makes sense that Samsung would try to secure OLED assets as soon as possible.