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Samsung accelerates XR plans by acquiring eMagin
Samsung Display completed the acquisition of eMagin as part of accelerating its XR plans. The US-based firm today announced the completion of its acquisition by Samsung Display, which is a subsidiary of Samsung Electronics manufacturer and distributor of display products.
According to the press release, Samsung Display acquired eMagin for $2.08 per share in an all-cash transaction valued at approximately $218 million. The South Korean tech giant is already working on future possibilities to expand its business in the XR segment.
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Andrew G. Sculley said that eMagin and Samsung Display will be able to achieve the full potential of eMagin’s next-generation AR/VR solutions. Moreover, customers will benefit from significant improvements to our production capabilities in terms of yield, efficiency, and quality control.
