Daily Management Review

Samsung to invest $ 11 billion in new generation displays


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

Complete Computer System For Self Driving Cars Launched By Qualcomm

In A Lifetime We Could Accumulate 20Kg Micro-Plastic In Our Body

Creator Of The First 'Gene-Edited' Babies Of The World Gets 3 Year Jail Term In China

China to deploy giant Beidou global navigation system in 2020

VW Zwickau factory is getting ready for electric cars production

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

World Politics

World & Politics

Indonesia, UAE sign nearly $23B deal

US to respond to Iran’s attacks on US bases in Iraq

Irish Passport issues hit record in anticipation of Brexit

Reporters Without Borders calls to release Julian Assange

IMF allocates Ecuador $ 500 mln more to support reforms

French pension reform chief to resign

Poland refuses to join EU 2050 climate deal

EU to fight food waste