Samsung Is Pouring $11B Into Next-Generation Displays

Samsung Is Pouring $11B Into Next-Generation Displays

Samsung show plans to pay KRW 13.1 trillion ($11 billion) developing and building next-generation displays, responding to a flood of offer and worth pressure from fast-moving Chinese rivals.

In AN announcement event attended by South Korean President Moon Jae-in and Samsung electronics Vice-Chairman Jay Lee, the investment was presented as a move to reorganize the show trade whereas maintaining Samsung's global lead and Korea's established dominance.

The government can invest concerning KRW four hundred billion into next-generation displays to propel that objective, Moon said.

The Samsung unit can build a quantum-dot show mechanical system in Asan, in line with an organization statement, which is able to begin operations from 2021 withan initial monthly capability of thirty,000 panels larger than 65 inches. Production can then proportion from there, with a long development arrange that stretches bent 2025.

The investment can facilitate produce 81,000 jobs, the corporate further.
Samsung and cross-town rival LG Display are grappling with a surge of competition from Chinese suppliers, such as BOE Technology Group, which in recent years have ramped up liquid crystal display-making capability and becoming more and more creating inroads into next-generation screens. To offset a decline in margins and loss of purchasers, Samsung is moving forward with development of quantum-dot displays.

Its stock ended Thursday largely unchanged.




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