Samsung Display Plans to Invest 11B to Develop Next-Generation Display Technology 

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEC0R0DJ_M.jpg
© Reuters. © Reuters.

Investing.com – South Korea-listed Samsung Display will invest as much as 13.1 trillion won ($11.0 billion) on facilities and research on next-generation display technology, the country’s presidential office said on Thursday.

The announcement even was attended by South Korean President Moon Jae-in and Samsung Electronics Vice-Chairman Jay Y. Lee.

The Samsung unit will build a quantum-dot display production line in Asan, according to a company statement, which will begin operations from 2021.

The investment is expected to create 81,000 jobs, the company noted.

Samsung Display is an Apple supplier and is a unit of index heavyweight Samsung Electronics Co Ltd (KS:).

Samsung Electronics’ share prices last traded at KRW 48,650, down 0.5%.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment