Samsung plans to invest $3.6 billion in OLED plant

11 Feb 2015 | Rasmus Larsen |

The new production plant will mainly produce small and medium-sized OLED panels for handheld devices. It will be built from 2015 to 2017 and Samsung will invest 4 trillion Won, according to Reuters.

For small and medium-size displays

LCD technology is still used in most screens today, but OLED is considered the future of display technology by many observers. Samsung is currently the largest manufacturer of OLED panels that are used in the company’s own phones.

Samsung OLED

The new factory will be built by Samsung Display, which is Samsung’s display division. It will cost approximately 3.6 billion dollars and construction will take place from 2015 to 2017. These factories are often built in phases, meaning that it could start mass production before the completion date.

The factory will mainly produce small to medium-sized OLED panels for phones and tablet, according to a Samsung spokesman. It will also be capable of producing “curved” display, which suggests that it can produce flexible displays, too. The plan is to start selling OLED panels to other mobile phone manufacturers.

In 2014, Korean Yonhap News reported that Samsung was planning to set up a new OLED factory with mass production slated for the first half of 2015. It seems to be the same factory that Samsung has now confirmed to Reuters.

It is possible that the plant will be capable of producing TV panels later, but this was not confirmed by Samsung’s spokesman.

Reuters is also reporting that LG.Display is expected to invest 1-1.2 trillion Won in its OLED plant in 2015.

- Source: Reuters

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