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    

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

Amazon’s cloud business comes under U.S. antitrust scrutiny
Amazon’s cloud business comes under U.S. antitrust scrutiny
By Akshay Kedari

U.S. Federal Trade Commission (FTC) has recently expanded its investigation on Amazon beyond the retail operations to the company’s cloud computing business. Lately, the U.S. antitrust enforcers was seen interviewing software firms about Amazon...

Huawei to reportedly move its U.S. research center to Canada
Huawei to reportedly move its U.S. research center to Canada
By Akshay Kedari

  The U.S. plans to stop more foreign shipments to Huawei Huawei will be manufacturing some 5G equipment outside China The founder of Chinese communications giant Huawei Technologies has indicated that the company is planning to move its r...

Philips unveils its new AI workflow platform IntelliSpace at 2019 RSNA
Philips unveils its new AI workflow platform IntelliSpace at 2019 RSNA
By Akshay Kedari

Philips, a renowned Dutch electronics conglomerate, has reportedly launched IntelliSpace AI Workflow Suite, its new AI workflow platform at the 2019 RSNA. Through this new launch, the company has further expanded its AI portfolio. The workflow suite...

U.S. Justice Dept concludes its antitrust probe over eSIM technology
U.S. Justice Dept concludes its antitrust probe over eSIM technology
By Akshay Kedari

The U.S. telecom industry has lately seen a lot of ups and downs, since the advent of 5G technology and the highly criticized wireless carrier-switching technology. However, some advancements where made recently when the U.S. Department of Justice (D...

Pioneer Transformers acquires Power Partners from OpenGate Capital
Pioneer Transformers acquires Power Partners from OpenGate Capital
By Akshay Kedari

OpenGate Capital, a globally recognized private equity firm, reportedly announced that it has successfully sold Power Partners to a portfolio firm of New York based Mill Point Capital, Pioneer Transformers. OpenGate, on January 2016 acquired Power P...