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

Samsung’s new OLED technology can help make truly bezel-less pho …

Samsung Display, the world’s best OLED panel manufacturer for smaller devices, has developed a new techn …

  • By Asif Iqbal Shaik
  • 9 hours ago

Top Korean court rules Samsung Display didn’t steal OLED tech fr …

Samsung is no stranger to lengthy legal battles and the company’s display affiliate has just scored a ma …

  • By Adnan Farooqui
  • 3 days ago

Samsung Display to supply Apple with 80 million iPhone 14 OLED panels

Samsung Display will have tens of millions of OLED orders to fulfill for Apple later this year. The latter com …

  • By Mihai Matei
  • 3 days ago

Samsung to relocate 300 workers from closed TV LCD division to chip un …

According to insider sources, Samsung is planning to move around 300 workers from its now-closed TV LCD panel …

  • By Sagar Naresh
  • 1 week ago

Samsung’s newly-trademarked “UDR” could refer to Ult …

Samsung Display has filed a trademark application with KIPRIS for the “UDR” name, with no further …

  • By Mihai Matei
  • 2 weeks ago

Samsung unveils world’s first 240Hz OLED display for laptops

Samsung Display, the world’s biggest OLED display manufacturer for small and medium-sized panels, has an …

  • By Asif Iqbal Shaik
  • 2 weeks ago