Display equipment maker H&iruja had attempted to merge with a battery equipment supplier to Samsung SDI late last year, TheElec has learned.
However, the battery equipment supplier had refused the offer, sources said.
H&iruja had been attempting to expand into the battery equipment sector since mid-2020, but is yet to see results.
The company had even attempted to procure battery equipment from a third party to supply to Samsung SDI, but this plan had also failed.
H&iruja was founded in 2007 and started to provide production equipment to Samsung.
The firm beat rival Ulvac to supply sputters to Samsung Display for the production of flexible OLED panels at its A3 line, which propelled growth.
In 2017, H&iruja recorded over 200 billion won in revenue for the first time and in 2020 recorded 396.3 billion won.
However, the firm’s revenue in 2021 is expected to have dropped from a drop in orders for its equipment from Chinese display makers BOE, CSOT and Visionox.