[Korea IT Times] LG Chem will acquire material technology for "Soluble OLED," a key platform for next-generation display, from DuPont of the U.S.
Related to this, LG Chem recently held a ceremony at LG Twin Tower in Yeouido, Seoul, where LG Chem Vice Chairman Shin Hak-cheol and DuPont Vice Chairman Marc Doyle attended, a company spokesman said on April 2.
The acquisition range includes intangible assets, including 540 patents for materials and processes, such as DuPont's OLED material technology and know-how, and tangible assets, including research and production facilities of DuPont.
After 20 years of research, DuPont has the technical skills in the fields of "light layer" and "inkjet printing device" that have high technical difficulty.
Through this acquisition, LG Chem has secured all key technologies in the "Soluble OLED" material field at once. The company also plans to establish a stable supply system for soluble OLED materials based on core source technology secured this time and technology accumulated through existing R&D.
LG Chem has been carrying out full-scale research and development in OLED materials since 2015 and has secured high technical skills in the common layer sector that injects and delivers holes and electrons within OLED materials.
"With this acquisition, we will have the world's best competitive power in OLED materials. Through in-depth preparations, we will provide customers with best products," said LG Chem Vice Chairman Shin.
