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Samsung Display to invest $11 billion by 2025 amid industry oversupply

Samsung Display to invest $11 billion by 2025 amid industry oversupply

10.10.2019

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 Anantharaman

Read 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.

Samsung shares jump 2.41% following better-than-expected Q3 guidance Samsung said operating profit for the third quarter is expected at 7.7 trillion Korean won ($6.43 billion), slightly higher than an industry estimate.

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Thrillist Parent Company to Acquire PopSugarGroup Nine Media plans to acquire PopSugar amid a period of consolidation in the media industry.

Wirecard raises EBITDA, revenue and transaction targets for 2025German payments firm Wirecard on Tuesday said it was increasing its 2025 targets... I thought the FT said Wirecard is a fraud

Kroger and Walgreens to stop selling e-cigarettes in U.S.Two major retailers say they will no longer sell e-cigarettes in the U.S. amid mounting health questions surrounding vaping and growing White House criticism of the nascent industry. But tobacco is still cool? Despite the cancer and shit? And what about regular cigarettes? But they still sell actual cigarettes. What a fucking joke

Watch CNBC's full interview with Charles SchwabInvesting legend Charles Schwab discusses the market, his career and his new book, 'Invested: Changing Forever the Way Americans Invest,' with CNBC's Bob Pisani.

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