ST enters agreement with OLED company and takes a €6m stake
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STMicroelectronics has announced a strategic agreement with French company MicroOLED, as well as a minority equity investment of approximately €6million. Founded in 2007, MicroOLED makes power efficient microdisplays. With high resolution and low power consumption, OLEDs are suited to a wide range of portable applications.
Under the terms of the deal, ST will develop a product road map and use its process technology to integrate functions that are currently found on external controllers and to reduce power consumption.
"In recognition of the substantial growth opportunities for electronic view finders in digital still cameras and other applications, and in line with ST's strategy to diversify and enhance our offerings in imaging, we sought and found in MicroOLED the high resolution OLED microdisplays with the best performance/quality and lowest power consumption on the market," said Eric Aussedat, general manager of STMicroelectronics' Imaging, BiCMOS ASIC and Silicon Photonics Group. "Bringing ST's manufacturing and technology expertise, customer relationships and IP portfolio will accelerate adoption of OLEDs and significantly expand the market."
Eric Marcellin-Dibon, MicroOLED's ceo and cofounder, added: "By establishing a strategic relationship with ST and being in a position to leverage its strong manufacturing capabilities, we'll be able to bring the technology to the next step, expand the potential market and help consumers see the world through amazing low power micro displays."
MicroOLED already has an R&D partnership with CEA-LETI, focusing on higher OLED efficiency, advanced packaging and enhancing system integration.
