Samsung to invest $1.8 bil. on OLED

Samsung Display, the display arm of Samsung Group, has decided to invest up to 2 trillion won or some $1.8 billion to boost the output of organic light-emitting diode (OLED) screens, according to Samsung officials. The officials said that the decision was mainly aimed at actively responding to the explosive demand for brighter screens.

To that end, the company will not build a new factory but extend the space to produce more small- and mid-sized OLEDs at its current factory in the provincial city of Asan, South Chungcheong Province, the officials said, Wednesday.

Despite the sluggish demand for electronic devices such as televisions and home appliances amid the prolonged recession in Europe and the weak economic recovery in the United States, the display unit is receiving more orders for those screens from Samsung Electronics.

“Samsung Display will invest as much as 2 trillion won for more OLED display outputs to push ahead with its plan to start mass production of displays using plastic rather than glass, a move that will make mobile devices lighter, flexible and unbreakable,” said one Samsung source, who is familiar with the matter.

For full article see Korea Times.