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Samsung Display to invest about US$3.6 bln in new OLED production

The new production line will focus on manufacturing medium and small-sized OLED displays for consumer electronics

11 Feb 2015 | Editor

According to news reports South Korea's Samsung Display plans to invest 4 trillion won ($3.6 billion) into making organic light-emitting diode (OLED) panels as parent Samsung Electronics looks to boost components sales to offset weaker smartphone earnings.

The new production line will focus on manufacturing medium and small-sized OLED displays for consumer electronics devices like smartphones and tablets. The investment would be made from 2015 to 2017, no further details have been disclosed.

Industry analysts have been reported to speculate that the new line will initially produce curved panels like those on the Galaxy Note Edge, and eventually help win external customers which are becoming crucial to parent Samsung Electronics' future earnings growth as sales of its erstwhile cashcow smartphone business decline.

www.samsung.com   

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