SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung Display plans to invest $11 billion by 2025 on next-generation displays

Business
By 

Last updated: October 10th, 2019 at 14:38 UTC+02:00

Samsung Display has announced plans to invest 13.1 trillion won (~$11 billion) by 2025 in R&D and for upgrading facilities. The company made the announcement at a special event that was attended by the Korean President Moon Jae-in and Samsung Electronics Vice-Chairman Jay Y Lee in the city of Asan in South Korea.

Of the total proposed investment, 10 trillion won (~$8.4 billion) will be spent on upgrading facilities, while the rest will go towards developing next-generation displays such as the Quantum Dot LEDs. The company will be converting one of its LCD manufacturing lines in Asan to produce Quantum Dot screens from 2021. The upgraded facility will have an initial monthly capacity of 30,000 panels larger than 65 inches, the company said in a statement.

The Korean conglomerate’s display business has suffered in recent quarters due to oversupply of LCD panels and the resultant pressure on margins in the global market, driven largely by the growth of competitive Chinese suppliers. Making matters worse, Apple, one of the biggest clients for Samsung Display, is looking to cut down its reliance on the Korean company for sourcing components.

Samsung is looking to overcome all these challenges through active investments in next-generation displays. The Korean government has also pledged support to Samsung and other local companies to retain their dominance in the global display market.

Via Business Quantum DotSamsung Display
Load 0 comments

You might also like

Galaxy Z Fold 4 uses Samsung’s newest Eco² OLED Plus panel with higher efficiency

Samsung’s latest flagship foldable smartphone, the Galaxy Z Fold 4, was recently seen defeating the Galaxy S22 Ultra in a battery life test. It wasn’t just because of its more power-efficient Snapdragon 8+ Gen 1 processor. Samsung’s new OLED display panel also contributed to its longer battery life. The Galaxy Z Fold 4 uses Samsung […]

  • By Asif Iqbal Shaik
  • 3 days ago

Samsung’s QD-OLED panel bags top honors in ultimate TV shootout

In this year’s TV shootout conducted by Value Electronics (via TechRadar) just outside of New York City, the Sony XR-A95K won the best 4K TV award. This award was bestowed upon Sony by a panel of TV testing experts, and they deduced that the Sony XR-A95K is the best among the rest of the competing 4K TVs. […]

  • By Sagar Naresh
  • 2 weeks ago

Samsung won’t give Apple its best OLED tech for iPhone 14

As per industry insiders, Samsung Display is one of Apple’s primary OLED suppliers for the upcoming iPhone 14 series. And according to a new report, the company will help Apple lower iPhone 14 OLED production costs by applying materials of different grades for different iPhone 14 models. Samsung Display will reportedly supply OLED panels for […]

  • By Mihai Matei
  • 2 weeks ago

Samsung patents new energy-efficient display refresh rate technology

Samsung is developing a new display refresh rate technology for mobile devices. A new patent application by Samsung describes a display technology that can apply different refresh rates simultaneously across multiple screen areas. This could be the next evolutionary step in Samsung’s refresh rate technology for mobile displays. The Galaxy S20 was the first to […]

  • By Mihai Matei
  • 3 weeks ago

Samsung-made PlayStation VR2 OLED display is miles better

Samsung Display is reportedly supplying OLED panels for Sony’s upcoming PlayStation VR2 (virtual reality) headset, just like it did for the original PSVR. Sony now spilled the beans on its PS VR2 system in an “early look” blog post and revealed more details on the OLED panel that enables the virtual reality experience. The PS […]

  • By Mihai Matei
  • 3 weeks ago

Galaxy Watch 6 could use OLED display made by a Chinese firm

Samsung’s Galaxy smartwatches have exclusively used OLED panels from Samsung Display, offering excellent image quality. But the display supplier could change next year, at least going by the latest report. According to an exclusive report from Naver, Samsung is in talks with Chinese display manufacturer BOE for the Galaxy Watch 6. The smartwatch is expected […]

  • By Asif Iqbal Shaik
  • 3 weeks ago