According to Reuters, the investment will be done in phases, from 2015-17. A new production line will be established to make OLED displays of medium and small-sized, for applications like smartphones and other consumer electronics devices.
According to industry insiders, Samsung Display has taken this decision because its parent Samsung Electronics Co Ltd will focus on boosting components sales to generate earnings growth in 2015 sales for its major business in smartphones, which has declined in 2014. Samsung is also worried as its rival Apple Inc has surpassed Samsung to be the world’s top smartphone maker in the fourth quarter of 2014.
According to industry insiders, Samsung would also develop a chip plant in South Korea with an investment of 15.6 trillion won. Construction of this plant will start in the first half of the year, which is expected to be completed in the second half of 2017.
It is also reported that LG Display Co Ltd is also planning to invest about 1.2 trillion won in 2015 to expand its capacity of its existing large panel OLED production line.
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