Even though Apple and Samsung continue to fight against one another, the two seem to be inseparable. The South Korean tech giant still makes a number of iOS device components, including processors and displays. That being said, it was interesting to see that Samsung is in the process of purchasing Novaled, a German-based OLED (organic light-emitting diode) company, for a staggering 260 million euros or $347 million USD. According to The Wall Street Journal:
Samsung will buy Novaled through affiliate Cheil Industries Inc.,001300.SE -0.47% which makes electronic materials for OLED displays, and its electronics arm, Samsung Electronics Co. 005930.SE +1.07%
The latest deal will help the group secure a better foothold in the market for next-generation displays employing organic light-emitting diodes. OLED displays are now used widely in smartphones but are also increasingly being adopted in televisions for their energy efficiency and ability to reproduce vivid colors. Revenue in the OLED display market is poised to grow to $20 billion by 2017 from just $8 billion in 2012, according to market research firm DisplaySearch.
Source: The Wall Street Journal