) supplier Samsung Display said on Thursday it will invest 13.1 trillion won on facilities and research to upgrade a production line, as it battles severe oversupply due to weak global demand for smartphones and TVs.
The unit of Samsung Electronics Co Ltd said that by 2025 it will spend 10 trillion won on facilities and the rest on research and development to produce more advanced display screens. The $11 billion spending for the next five years will be focused on converting one of its South Korean LCD lines into a facility to mass-manufacture more advanced “quantum dot” screens, Samsung Display said in a statement.The company runs six display manufacturing lines including one LCD line in China.
South Korean President Moon Jae-in and Samsung Elec vice chairman Jay Y. Lee, heir to the Samsung Group conglomerate, attended a signing ceremony for the proposed investment on Thursday at Samsung Display’s manufacturing site in the South Korean city of Asan, the Presidential Blue House said.
Talk to uncle sam
Don't go in such a speed for science It's very difficult to destroy your own creation by your own ✋
Anyone else remember an black and white TV with an 8' screen, rabbit ear antenna, tinfoil for better reception, local channels only? And we were fine. UHF was a bonus!
I hate this world.
Samsung, Huawei all international corporations count with the right of constant competition in the world. Not only American corporations.
Samsung can afford to make such investments, a huge company
That's a country with no anti discrimination law, ultra hyper extra super conservative society. We will be glad to see them lose all of that money.
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