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Samsung, micro-LED startup PlayNitride at final stage of acquisition talk?

Samsung, micro-LED startup PlayNitride at final stage of acquisition talk?

By BizLED Bureau

Nov 30, 2017: It is speculated that Samsung and micro-LED startup PlayNitride is at the final stage of their acquisition talk.

In May 2017, it was reported that Samsung plans to acquire Taiwanese company Playnitride for US$150 million to expand its micro-LED business.

PlayNitride and its shareholder Epistar are making all efforts to develop micro-LED technology. They plan to demonstrate an ultra-fine pitch micro-LED display in 1H18, along with ITRI, Unimicron Technology, and Macroblock.

Also Read: Future foldable iPhone may use micro-LED display

Also Read: Apple downsizes micro-LED R&D team in Taiwan?

In May 2017, it was reported that Samsung planned to invest NTD 4.5 billion (US$ 150 million ) in PlayNitride to develop micro-LED displays for wearable devices and micro-LED TVs. However, industry sources point out that the two companies are currently at the final stage of their talks and are negotiating the price for the acquisition. It is also reported that other than Samsung, other companies are also interested in.

The chance for micro-LED to succeed in the near future is getting higher and major international companies are seeking partnerships with PlayNitride by procuring its shares or forming strategic alliances. Current shareholders of PlayNitride include Taiwan-based LED chip giant Epistar and semiconductor company United Microelectronics Corporation (UMC).

According to the OLED-info report, Samsung is interested in acquiring the fabless micro-LED Playnitride company’s technology as it aims to expand its augmented reality (AR), virtual reality (VR) headset business that could benefit from the ultra-small LEDs display design.

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