iBeam Materials announced that it has received an investment from Samsung Ventures. iBeam developed a technology that can be used to produce LED chips on large-area flexible foils.

iBeam Materials, founded in 2011 in the US, is still at an early stage but this technology could enable the production of micro-LED devices directly on large-area flexible substrates without the use of a transfer (pick-and-place) process.

While iBeam's technology can be used in several markets, the company specifically mentions that Samsung was attracted to the company for the micro-LED market. The company says that using the new funds it wil accelerate the scaling of its technology and its timeline to key product development milestones.

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