Samsung Mobile Display (SMD) today announced that they’ve formed a strategic alliance with US-based Universal Display Corp. The financial details were not disclosed but the partnership will help SMD to churn out better AMOLED displays with the use of Universal Display Corp.’s patents and technologies.
SMD and Universal Display Corp. have jointly developed display-related materials in the past.
The strategic tie-up will help SMD enhance its competitiveness in the worldwide display market.
UPDATE: Samsung has divulged more information on the agreement. From the press release:
The agreements announced today are an OLED Patent License Agreement and a Supplemental OLED Material Purchase Agreement. Under the license agreement, Universal Display has granted SMD license rights under various patents owned or controlled by Universal Display to manufacture and sell certain phosphorescent OLED display products. In consideration of the license grant, SMD has agreed to pay Universal Display a license fee over the term of the license agreement.
Under the supplemental agreement, SMD has agreed to purchase and Universal Display has agreed to supply a minimum amount of phosphorescent OLED material for SMD’s use in the manufacture of licensed products, subject to Universal Display being able to supply sufficient quantities to meet SMD’s requirements. The agreements run through December 31, 2017.
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