Samsung might have put their OLED TV plans on hold for now, but they are investing a lot into OLED production for smaller devices such as tablets and wearables. Samsung will reportedly invest between 3 to 5 billion USD in a new OLED plant.
Major investment in OLED production
The new OLED plant will be located around 100 kilometers south of Seoul in South Korea, according to Yonhap. It will commence operation in the first half of 2015.
Samsung is said to invest between 3 to 5 billion USD during construction. The first phase is expected to cost 2 billion and they will start construction in the second half of 2014.
Samsung will not produce OLED TV panels at the new plant, but instead use it to produce medium-size OLED panels for tablets as well as OLED displays for wearables such as smartwatches, indicating that Samsung wants to produce flexible OLED panels, too. LG is also investing in flexible OLEDs.
Samsung has not confirmed Yonhap’s report.
In total, Samsung is expected to invest $24.39 billion in CapEX this year, up 8.6% from last year.
- Source: Yonhap
Samsung to invest over $3b in new OLED plant
