BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Industry > article

Samsung announces $10.9 bln investment to focus on production of QD-OLED panels

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : October 10, 2019, 15:35 | Updated : October 10, 2019, 15:35
  • 트위터
  • 페이스북
  • 웨이보

President Moon Jae-in attends a ceremony hosted by Samsung at the base of Samsung Display on October 10. [Yonhap Photo]

SEOUL -- In a high-profile event attended by President Moon Jae-in, South Korea's largest conglomerate, Samsung, announced an investment of 13.1 trillion won ($10.9 billion) by 2025 to secure a solid competitive edge in the global display market by focusing on the production of next-generation quantum dot organic light-emitting diode (QD-OLED) panels.

The investment was disclosed by Samsung Group's virtual head Jay Y. Lee in a ceremony on Thursday at the base of Samsung Display in Asan, about 60 kilometers (37 miles) south of Seoul, three months after LG Display announced an investment of three trillion won in production facilities for large OLED panels.

To cope with an aggressive investment by Chinese companies that have glutted the global market for liquid crystal displays (LCDs), Samsung made an inevitable choice to shut down one of its LCD lines in Asan in September. The new investment underlines Samsung's strategic shift to widen a technological gap in next-generation technologies.

"It is a difficult time due to the slowing global economy and various uncertainties, but we will continue to do our best to innovate next-generation technologies and nurture talent," Lee said, describing display as "a dream platform that connects people, the world, time and space." "I believe it is a future growth industry that can create new values in areas as infinite as our imagination."

Samsung aims to produce 30,000 sheets of 65-inch QD-OLED panels a month by revamping production facilities in Asan before boosting production gradually. About 3.1 trillion won was earmarked for the development of technologies.

Samsung's investment brightened prospects for South Korea's display industry, Moon said, praising Samsung's bold investment with a determination to maintain its dominant position in global markets. "It is important to keep the top spot by changing the landscape of the global display market."

The display industry is the "fast-growing blue ocean" as global OLED demand is expected to double by 2024 from $23.2 billion last year, Moon said. "We need to take the lead in next-generation display markets based on our competitive edge in OLED, which is the world's No. 1," he said, promising to inject some 400 billion won in state money over the next seven years into the development of next-generation display technologies.

In Asan, Samsung signed a convention on cooperation with small companies and research institutes to localize core materials, parts and equipment. South Korea has been trying hard to localize key materials since Japan imposed restrictions on July 4 on exports of three key materials for microchips and displays. 

Samsung's new investment came as South Korea's two flat-panel makers are locked in a battle to take the upper hand in large premium televisions. Samsung has promoted QLED, a short-term strategy before moving to self-emitting displays, while LG has accelerated the production of OLED panels.

Samsung thinks QD OLED, a hybrid technology, will provide a solution to the limitations of OLED panels which are self-emissive and require no backlight but their output is dimmer than LED panels. A QD-OLED panel would use a blue-light OLED panel acting as a backlight, with a quantum dot filter converting this into red or green light.

 

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .LG Electronics diversifies business scope further into smart TV platform market .
    LG Electronics diversifies business scope further into smart…
  • .LG Display to showcase speakerless, bendable OLED display optimized for gaming at CES 2021.
    LG Display to showcase speakerless, bendable OLED display op…
  • .LG introduces new premium LCD TV lineup targeting high-definition TV market.
    LG introduces new premium LCD TV lineup targeting high-defin…
  • .Swedens Assa Abloy works with LG to produce transparent OLED automatic doors.
    Sweden's Assa Abloy works with LG to produce transparent OLE…
  • .Samsungs low-power OLED technology applied to new flagship smartphon.
    Samsung's low-power OLED technology applied to new flagship …

Real Time Photo News

  • .Girl band (G)I-DLE shrinks size to five members after school bullying controversy.

    Girl band (G)I-DLE shrinks size to five members after school bullying controversy

  • .Singer-actress IU reveals release schedule for album LILAC.

    Singer-actress IU reveals release schedule for album 'LILAC'

  • .S. Korea to build state-run K-pop concert hall for unaffordable online performances .

    S. Korea to build state-run K-pop concert hall for unaffordable online performances

  • .BLACKPINK member Rosé to release solo album in March.

    BLACKPINK member Rosé to release solo album in March

  • .BTS agency posts record earnings in 2020 on brisk online activities and album sales .

    BTS agency posts record earnings in 2020 on brisk online activities and album sales

Latest News

more+

  • Girl band (G)I-DLE shrinks size to five members after school bullying controversy
  • S. Korean companies to build combined cycle power plant in Thailand
  • Transparent LED film displays videos and images at official venue of Busan film festival
  • Daredevil surfers to be fined for ignoring storm warning
  • Hanwha Techwin releases CCTVs with fog removal and other functions
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view