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

Google to offer cyber insurance to cloud users with Munich Re, Allianz

Google to offer cyber insurance to cloud users with Munich Re, Allianz

By Akshay Kedari

Google, Allianz, and Munich Re have teamed up to launch a Risk Protection Program. This program intends to reduce cloud security risks and provide cyber insurance designed for Google Cloud users. Google Cloud, Munich Re, Allianz Global Corporat...

Space startup GITAI secures USD 17.1 million in Series B funding round

Space startup GITAI secures USD 17.1 million in Series B funding round

By Akshay Kedari

Japanese space technology startup GITAI has reportedly secured UDS 17.1 million through a Series B funding round which was led by SPARX Innovation from Future Co. Ltd. The round also saw participation from DCL Venture Growth Fund, EP-GB (Epson’...

Williams Racing and Acronis extend their cyber protection partnership

Williams Racing and Acronis extend their cyber protection partnership

By Akshay Kedari

Williams Racing, a British Formula One motor racing team, has announced to have renewed its technology partnership with a Switzerland-based leading cyber protection and software company Acronis International GmbH. As a part of the Official Cyber Pro...

Tesla planning to set up EV manufacturing facility in Karnataka, India

Tesla planning to set up EV manufacturing facility in Karnataka, India

By Akshay Kedari

American electric car company Tesla Inc. has reportedly signed an agreement to manufacture its electric vehicles in Karnataka, India after announcing an entry into the South Asian country in 2021. The company had established its Indian subsidiary cal...

Pandemic forces Heineken to recoup profits by cutting 8000 jobs

Pandemic forces Heineken to recoup profits by cutting 8000 jobs

By Akshay Kedari

The Dutch brewing company, Heineken N.V., has recently revealed its plans to cut around 8000 jobs in an attempt to restore its operating margins after it witnessed a sharp decline in its profit trajectory amid the COVID-19 pandemic. Moreover, it will...