E-paper is a display technology that looks like real paper but can be rewritten electronically. It was invented in the 1970s at Xerox PARC and uses microcapsules containing charged white and black particles to display text and images in a low-power, reflective manner. Major companies developing e-paper include E Ink, LG, and Samsung. It has applications in e-books, electronic newspapers, and foldable displays due to advantages like a paper-like appearance and low power consumption.