Samsung, the South Korean multinational conglomerate, has announced its plans to acquire eMagin, a company specializing in OLED microdisplays for XR technology. The acquisition is expected to strengthen Samsung’s position in the virtual and augmented reality market.
eMagin is a leading manufacturer of OLED microdisplays, which are used in a variety of applications, including military, medical, and consumer electronics. The company’s microdisplays are known for their high resolution, low power consumption, and compact size, making them ideal for use in XR devices.
Samsung has been investing heavily in XR technology in recent years, with the launch of its Gear VR headset and the development of its own AR platform, ARCore. The acquisition of eMagin is expected to further enhance Samsung’s capabilities in this area.
The acquisition will also give Samsung access to eMagin’s patented technology, which includes a high-speed OLED-on-silicon microdisplay that can be used in a variety of applications. This technology is expected to be particularly useful in the development of next-generation XR devices, such as smart glasses and head-mounted displays.
In addition to its OLED microdisplays, eMagin also has expertise in other areas of XR technology, including optics and system design. This expertise is expected to be valuable to Samsung as it continues to develop new XR products.
The acquisition is still subject to regulatory approval and is expected to be completed in the second quarter of 2021. Financial details of the deal have not been disclosed.
Overall, the acquisition of eMagin is a significant move for Samsung as it seeks to expand its presence in the XR market. With eMagin’s expertise and patented technology, Samsung is well-positioned to develop innovative new XR devices that will enhance the user experience and drive growth in this exciting new market.
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