Samsung bets big on quantum dot TV, snaps up QD Vision
ZDnet.com reports that Samsung has confirmed the rumored acquisition of QD Vision as the company looks to strengthen its quantum dot display technology unit.
As reported by Sam Mobile, the deal was confirmed by Samsung’s Advanced Institute of Technology chief Jung Chil-hee, who told reporters that QD Vision has become part of the South Korean tech giant’s portfolio.
The acquisition is expected to be formally announced next week.
No financial details have been disclosed, however, South Korean news agency Yonhap values the deal at approximately $70 million.
Lexington, MA-based QD Vision, previously known as Color IQ, is a specialist in quantum dot display technology. Developed for displays including PC monitors and television sets, quantum dot technology uses semiconductor nanoparticles to change the properties of quantum dots, improving color definition and sharpness.