Sumitomo Chemical has agreed to buy Cambridge Display Technology (CDT) for approximately $285 million, giving the OLED industry a shot in the arm.
OLEDS, or organic light emitting diodes, are light sources made form organic materials. With OLEDs, you could turn a wall or a window into a light fixture, according to Universal Display, another OLED company.
OLEDs don't use a lot of power, but they can degrade over time. So far, companies like Samsung have mostly used them for screens in cell phones. Sony is coming out with a small OLED TV for the Japanese market and may … Read more