Samsung Display to invest $11Bn to develop advanced display screens

By Akshay Kedari  | Date: 2019-10-11

Samsung Display to invest $11Bn to develop advanced display screens

In a bid to increase market penetration, tech company need to upgrade their product’s offering using technological innovation. Given to the importance of investment in this field, numerous tech organizations in the world have started to pour heavy investments in research and development.

A similar initiative was taken by Samsung Display, a supplier to Apple Inc., who reportedly announced that it will invest 13.1 trillion won ($11 billion) on research and on facilities to upgrade its production line to develop advanced display screens.

Reportedly, the move comes at a time when South Korea’s panel makers seem to struggle to match with decreasing liquid crystal display (LCD) demand for electronic devices along with rising competition from Chinese tech companies and increasing demand for organic light-emitting diode (OLED) panels.

According to reports, the 13.1 trillion won investment that would be spend over the next five years would be focused on converting one of Samsung Display’s South Korea-based LCD lines into a facility to mass-manufacture advanced “quantum dot” screens.

Samsung claims that it had halted its LCD production line last month. For the record, Samsung runs six display manufacturing lines, of which one LCD line sites in China. Moreover, the company is planning to overcome the crisis of the large-scale display industry through this investment.

Reportedly, Samsung Elec vice chairman Jay Y. Lee and South Korean President Moon Jae-in were present at the signing ceremony for the proposed investment at Samsung Display’s manufacturing site in the South Korean city of Asan.

Sources cite that Samsung is planning to begin operation of its advanced “quantum dot” line from 2021 with a monthly capacity of 30,000 sheets. In addition to this, in early September, the company has launched a voluntary redundancy program at large display business departments in South Korea for its employees.

Source Credit  - https://in.reuters.com/article/uk-samsung-display-investment/samsung-display-to-invest-11-billion-by-2025-amid-industry-oversupply-idINKBN1WP0C4

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

Alipay+ allies with Asian E-Wallets to boost cashless travel in South Korea

By Akshay Kedari

Amidst rising efforts for promoting cashless travel, prominent mobile payment providers in Asia have recently announced an integration of the cross-border digitalized payment solutions from Alipay+ in South Korea. With this move, users of e-wallet...

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

Seracle, Sumsub partner for offering enhanced KYC protocols and cybersecurity

By Akshay Kedari

Sumsub will assist Seracle in building an innovative blockchain ecosystem Sumsub will offer enhanced security to Seracle at a time when losses due to cryptocurrency thefts have increased by about 60% to $1.9 billion Seracle, a global blockc...

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

CATL unveils new Module to Bracket tech for heavy-duty electric trucks

By Akshay Kedari

CATL, a Chinese battery manufacturer and technology company, has reportedly introduced a new battery technology known as Module to Bracket (MTB) for heavy-duty electric trucks. As per reliable sources, the MTB technology deploys the battery module...

Arbonics nabs $1.7M to launch data & science-driven tool for landowners

Arbonics nabs $1.7M to launch data & science-driven tool for landowners

By Akshay Kedari

Arbonics, a Tallinn, Estonia-based climate tech startup, is launching a new innovative data and science-driven tool to ensure that the potential carbon income from land and forests is calculated quickly and easily for landowners in Europe to assist i...

Cruise to unveil robotaxi service in Austin and Phoenix by 2022

Cruise to unveil robotaxi service in Austin and Phoenix by 2022

By Akshay Kedari

Cruise, an American self-driving technology unit, is reportedly all set to unveil commercial robotaxi services across Phoenix, and Austin, Texas, two major spots for autonomous vehicle development, in the next 3 months before 2022 ends. During Gol...