Is Samsung developing ALD encapsulation with Synos (Veeco)?
A couple of days ago we reported that Veeco acquired Synos Technology who designs and manufactures FAST-ALD encapsulation technology for flexible OLED displays. Veeco said that Synos' first pilot production system has been installed and the manufacturing ramp is currently expected to begin in 2014.
Now financial services firm Wedbush released a new report on this deal and they say they believe that Synos has been working with an industry leader - specifically Samsung since 2011. According to Wedbush, Synos expected the product shipment to start in Q4 2013 or Q1 2014. We know that Veeco paid $70 million plus $115 if certain milestons are reached - and it makes sense that if Samsung adopts Synos' technology it will make it much more lucrative for Veeco.