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The Korea Herald
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THE INVESTOR
March 29, 2024

Samsung

Samsung to take over QDVision for US$70m: report

  • PUBLISHED :November 22, 2016 - 13:21
  • UPDATED :November 23, 2016 - 10:58
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[THE INVESTOR] South Korean tech giant Samsung Electronics is expected to soon announce its acquisition of QDVision, the Massachusetts-based quantum dot materials developer, in a US$70 million deal, the ETnews, a local news outlet, reported on Nov. 21. 




According to the report, Samsung has recently been picked as the preferred bidder for QDVision, one of the leading display materials firms, with the final announcement to come in a week.

The quantum dot technology enhances picture quality of traditional liquid-crystal display TVs by applying nanocrystals in the form of a film or filter on TV panels.

Especially the self-illuminating quantum dot technology, more widely known as QLED, is considered a next-generation alternative to organic light-emitting diode displays.

Samsung, which was the first TV maker to mass-produce quantum dot TVs in 2015, has outpaced rivals with its technical prowess, including the industry’s only cadmium-free quantum dot technology.

Quantum dot developers like NaJing, Nanosys and BASF and Chinese TV maker TCL were said to have participated in the bidding. The China-based Najing reportedly offered a higher price than Samsung.

“QDVision, which has been recently hit by a liquidity crunch, seems to have considered Samsung, a leader in the display and TV market, a better partner than Chinese companies,” an industry source was quoted as saying by the paper.

A Samsung spokesperson declined to confirm the news report.

By Kim Young-won (wone0102@heraldcorp.com)

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