May 8, 2017: Trying to catch up with Apple, Samsung Electronics is likely to take over Taiwanese micro-LED maker PlayNitride, for US$150 million.
In 2014, Apple had acquired micro-LED tech developer LuxVue in 2014.
With the acquisition, Samsung aims to develop virtual reality devices and TVs based on micro-LED, and will boast higher picture contrast compared to OLED, according to industry sources.
Micro-LED display technology gained popularity as Apple will reportedly use the technology for its new devices, including Apple Watch, and iPhone.
Industry insiders, however, say that adoption of micro-LEDs would take some time, although LG Display has started research work in it.
Facebook-owned VR company Oculus has acquired Ireland-based InfiniLED in 2016, to use micro-LED for its VR headsets. Sony has also used micro-LEDs in its huge display walls.
Osram, Epister, Lextar and Cree are also investing resources into the development of the new technology.