According to Enews, Samsung Display has acquired Cynora GMBH, Germany's Bruchsar company at a price of about 300 million US dollars (about 2 billion yuan), but also laid off.
It is reported that Samsung was an investor in Cynora before. The company develops organic light -emitting diode (OLED) materials to improve rigid display and foldable, flexible and transparent display.
Cynora claims that it is a pioneer of thermal activation delayed fluorescence (TADF) technology, and has a blue and green transmitter solution, which aims to improve the power efficiency and color contrast of the OLED display. The company's first product was a fluorescent blue light transmitter and debuted for the first time in March 2020.
The report pointed out that Samsung is obviously only interested in intellectual property rights and patents, not the company and employees. Local Daily Badische Neue Nachrichten quoted Bruchsal Mayor Cornelia Petzold-Schick confirmed the layoffs and said she was afraid and shocked by the move.