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Sony's Project Morpheus is now officially PlayStation VR

Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world. Sony has decided to change the name of its device Project Morpheus to PlayStation VR. The announcement was made at the Tokyo Game Show tweeting out as well the news from the official PlayStation Twitter account, Wired reported.

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Amid mobile slump, Samsung needs more outside customers for its chips and panels

As Samsung Electronics Co Ltd sells fewer of its own smartphones, the South Korean group's components businesses are under pressure to pick up the slack and secure external customers for chips and display panels, including putting these in rival mobile devices.

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Samsung, LG turn to quantum dots as OLED still too pricey

The world's biggest TV makers, Samsung Electronics Co Ltd and LG Electronics Inc, are turning to quantum dot technology for their next-generation TVs as it could still be years before OLED is affordable for the mass market.

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Cheil Industries gets 50% stake of Novaled for EUR 260 million

Cheil Industries purchased a 50% stake in German lighting company Novaled for EUR 260 million.

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