Samsung Display to invest $11 billion by 2025 amid industry oversupply
Apple Inc supplier Samsung Display said on Thursday it will invest 13.1 trillion...
South Korean President Moon Jae-in and Samsung Electronics Vice Chairman, Jay Y. Lee pose for a group photo after a signing ceremony at Samsung Display's factory in Asan, South Korea, October 10, 2019. Yonhap via REUTERS
) said that by 2025 it will spend 10 trillion won on facilities and the rest on research and development to produce more advanced display screens.
Samsung has said it suspended the LCD production line last month.
South Korean President Moon Jae-in and Samsung Elec vice chairman Jay Y. Lee, heir to the Samsung Group conglomerate, attended a signing ceremony for the proposed investment on Thursday at Samsung Display’s manufacturing site in the South Korean city of Asan, the Presidential Blue House said.
Reporting by Ju-min Park; Editing by Tom Hogue and Muralikumar AnantharamanRead more: Reuters Top News
Don't go in such a speed for science It's very difficult to destroy your own creation by your own ✋ Talk to uncle sam Anyone else remember an black and white TV with an 8' screen, rabbit ear antenna, tinfoil for better reception, local channels only? And we were fine. UHF was a bonus! I hate this world.
Samsung, Huawei all international corporations count with the right of constant competition in the world. Not only American corporations. Samsung can afford to make such investments, a huge company That's a country with no anti discrimination law, ultra hyper extra super conservative society. We will be glad to see them lose all of that money.
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