Samsung Display Invests $11 Billion into QD -OLED
On Thursday, Apple Inc supplier Samsung Display stated it would invest 13.1 trillion won ($11 billion). The investment will be on the facilities and research.
The goal is to upgrade a production line as it fights oversupply. It also struggles with the weakening global supply for smartphones and TVs.
Meanwhile, the unit of Samsung Electronics Co Ltd indicated that by 2025, it would spend 10 trillion won.
The spending would focus on facilities and the rest on research and development. The company aims to produce more innovative display screens.
The investment announcement comes at the time when South Korea’s panel makers are battling slower liquid crystal display (LCD) demand for TV and smartphones.
Also, the rising opposition from Chinese competitors and a shift by chief clients to organic light-emitting diode (OLED) panels are a problem.
In a statement, Samsung Display said the $11 billion expenses for the next five years will be engrossed in converting one of its South Korean LCD lines. It will also be into a facility to mass-manufacture more progressive “quantum dot” screens.
Last month, Samsung also indicated it had suspended the LCD production line.
The firm runs six display manufacturing lines together with one LCD line in China.
According to the business, “Our company plans to overcome the crisis of the large-scale display industry through active investments.”
South Korean President Moon Jae-in and Samsung Elec vice chairman Jay Lee, the beneficiary of the Samsung Group multinational, has attended a signing ceremony.
The event was for the future investment on Thursday at Samsung Display’s manufacturing site in the South Korean city of Asan.
2021 Newly Upgraded Line of Products
According to the company, Samsung plans to start the operation of its newly upgraded “quantum dot” line from 2021. The motion comes with a monthly capacity of 30,000 sheets.
In early September, Samsung has launched a voluntary dismissal program. It is for the employees at its large display business department in South Korea.
The information was according to a source with direct knowledge of the matter.
Elsewhere, Samsung Electronics, a world leader in semiconductor technology, today revealed an expanded portfolio.
Moreover, it has to do with cutting-edge foundry solutions at its Samsung Foundry Forum (SFF) 2019 Munich.
The South Korean multinational conglomerate fascinated more than 200 industry experts. These are all from fabless firms and foundry partners.
Sixteen partner booths showed advanced foundry technology trends, which presented a significant upsurge in both numbers compared to last year.
It is representing a more substantial customer base of Samsung Foundry along with greater collaboration in Europe, the Middle East, and Africa (EMEA).
The EMEA semiconductor market is in demand across an extensive range of applications.
Companies use semiconductors in automotive, consumer, network, and internet-of-things (IoT).
Samsung has also introduced several specialty technologies. The following were FD-SOI, radio frequency (RF), and embedded memory along with a comprehensive portfolio of foundry process nodes.
Moreover, Samsung Electronics recently showcased its state-of-the-art foundry platforms. It brings together essential technical elements for new-age applications, comprising 5G, IoT, automotive, and high-performance computing (HPC).
Meanwhile, the expanding of its design solution partners to improve global customers’ access to Samsung’s foundry solutions is on the process now.
