[Concall] Samsung Display "XR Capability Enhanced by Imagine Acquisition... Acquisition Process to Complete by Year-End"
Samsung Display has completed the process of acquiring the US microdisplay company Imagine by the end of the year and is set to actively respond to the activation of the extended reality (XR) ecosystem.
On the 27th, during a conference call following the announcement of the second-quarter earnings, Samsung Display was asked about the purpose of acquiring the US company Imagine and stated, "The acquisition was to enhance our responsiveness to the XR device market."
In May of this year, Samsung Display signed a contract to acquire Imagine, a US microdisplay company, for $218 million (approximately 290 billion KRW). Samsung Display stated, "We are currently undergoing procedures for M&A approval, and the work is expected to be completed by the end of the year."
Microdisplays are made by densely embedding small LEDs smaller than 100 micrometers (㎛) on a substrate. Microdisplays, which can realize ultra-high-resolution screens in the XR and AR (augmented reality) ecosystem, are considered a key component.
Regarding the purpose of acquiring Imagine, they explained, "It is to enhance our responsiveness to the XR device market, which is a future growth engine," adding, "The XR ecosystem has recently been activated, and there is great expectation that once XR devices become popularized, they will bring changes to daily life that surpass smartphones."
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They further stated, "Imagine has been developing microdisplays, a component for XR devices, since 2001 and holds fundamental patents and process technologies," adding, "Samsung Display also formed a dedicated microdisplay development team last year and is working on next-generation displays such as OLEDs, so through the acquisition of Imagine, we expect to provide innovative microdisplay products." They added, "Samsung Display plans to expand investment and cooperation with Imagine in the future."
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