[TechWeb] On October 10, Samsung announced that it would invest up to 1.32 trillion won, or about $11.16 billion, to build a QD-OLED production line at its factory in Yashan, Zhongqing Nandao.
Samsung Monitor said in a statement that the $11 billion investment is focused on transforming a South Korean LCD production line into a more advanced mass production line.
According to Korean media reports, Japan's restrictions on exports of hydrogen fluoride have greatly affected Korean display manufacturers, including LG Display and Samsung Display, both of which are trying to tackle these problems through investment. Samsung shows that the market share of small and medium-sized OLED panels used in smartphones is as high as 90%. However, with the negative growth of smartphone market and the strength of Chinese manufacturers in this market, Samsung is eager to find new sources of profit.
Samsung has invested about 1.322 trillion won in Tangjing Display Pipeline in Yashan Factory, transforming a liquid crystal (LCD) display Pipeline (L8-1) of Tangjing into a new generation of QD-OLED Pipeline. Among them, 10 trillion won is responsible for transformation, and 32 trillion won is used for product development.