- Samsung’s (OTC:SSNNF, OTC:SSNLF) investment arm and LG Display (NYSE:LPL) are investing $30M in Cynora, a German OLED company.
- Cynora uses thermally activated delayed fluorescence (TADF) technology and currently works on creating a high-efficiency organic emitting material for OLED displays.
- Cynora plans to commercialize its first product, a “blue” emitting material belonging to the most sought-after class in the OLED market, by year’s end. Additional products in other colors will come to market in 2019.
- Samsung (KS:005930) was rumored as the only OLED supplier for Apple’s newly launched iPhone X and production and supply issues led to the device’s launch date delay
- In July, LG announced plans to invest $7B in a stronger push into the OLED production market.
- Previously: Was Apple (NASDAQ:AAPL) behind LG Display’s $7B OLED push? (July 26)
- Previously: LG Display ramps up OLED production to take on Samsung (July 25)
- Now read: LG Display: Place Your Bets Now
Original article