According to eeNews, Samsung Display (Samsung Display) hasabout $300 million(about 2 billion yuan) to acquire the German Bruchsal enterprise Cynora GmbHbut also made layoffs.
According to the report, Samsung was already an investor in Cynora.The company developsOrganic Light Emitting Diode (OLED) Materialsto improve rigid displays and foldable, flexible and transparent displays.
Cynora claims to be a pioneer in thermally activated delayed fluorescence (TADF) technology and has blue and green emitter solutions designed to improve power efficiency and color contrast in OLED displays. The company’s first product is a fluorescent blue light emitter, which debuted in March 2020.
The report stated that,Samsung apparently only interested in IP and patents, not the company and its employees.The local daily Badische Neue Nachrichten quotes the mayor of Bruchsal, Cornelia Petzold-SchickLayoffs confirmedand said she was horrified and shocked by the move.
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