Samsung will invest 4.1 trillion won to build a new OLED production line in South Korea.

schematic diagram.

(AFP)

[Financial Channel/Comprehensive Report] Samsung Electronics (Samsung Electronics) announced on Tuesday (4th) that it will invest 4.1 trillion won (approximately NT$104.1 billion) until 2026 to build a new OLED production line in South Korea. The production line is located in the manufacturing park of Samsung Display, a subsidiary of Samsung Display, in Asan, South Korea. It is an 8.6-inch panel for tablet computers and notebook computers. This investment will allow Samsung Electronics to use OLED panel production for tablet computers More than doubled, from the original 4.5 million to 10 million.

The Korea Economic Daily reported that Samsung aims to hold back rival BOE Technology, China's largest display maker.

BOE Technology is trying to expand its influence in the global OLED market.

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Samsung Display expects that the new production line will increase sales by 2.8 trillion won (approximately NT$71.12 billion) and create approximately 26,000 job opportunities.

The South Korean government said the investment was part of a plan announced by Samsung Electronics and its affiliates to invest 60.1 trillion won (approximately NT$1.526 trillion) in areas outside Seoul over the next 10 years.

The South Korean government announced in March that it will invest 550 trillion won (approximately NT$13.97 trillion) in six major areas including chips, displays, rechargeable batteries, biotechnology, future cars and robots; Samsung said that the above measures are their Part of the reason for the decision to expand investment.

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