Daily Management Review

Samsung to invest $ 11 billion in new generation displays


10/11/2019


South Korean Samsung Display Co. plans to spend 13.1 trillion won ($ 11 billion) on development and production of next-generation displays in the face of growing pressure from Chinese competitors, Bloomberg reports.



Jamie McCall via flickr
Jamie McCall via flickr
During the company’s event, which was also attended by South Korean President Moon Jae-in and Samsung Electronics Co. Vice President Lee Jae-yong, it was announced that this investment was intended to reorganize the display industry. At the same time, the company intends to maintain a leading position in the global market and dominate the Korean market.

To achieve this, the South Korean government will invest about 400 billion won in new display technologies, said Moon Jae-in.

According to the company, Samsung Display will build a line for the production of quantum dot displays in the city of Asan, which will start operating in 2021. Its initial capacity will be 30 thousand panels with a diagonal of more than 65 inches. The production capacity will be increased later. The long-term development plan is designed until 2025. According to company estimates, the investment will create 81 thousand new jobs. 

source: bloomberg.com






Science & Technology

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

NASA orders Lockheed Martin to build spacecraft to fly to the Moon

Hyundai to create joint venture for unmanned vehicles

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

World Politics

World & Politics

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria

Paralyzed Hong Kong: Protests don't fade

Johnson unveils Brexit compromise deal considering Irish issue

African swine fever at Europe’s borders: time for an embargo?

Saudi Crown Prince Says Khashoggi’s Murder Happened Under His Watch

Will Merkel restore her "Climate Chancellor" image?

Venezuelan opposition to receive $ 52 mln from USA