Samsung will spend 11 billion US dollars on display development

 Breaking News
  • Microsoft, Amazon and eBay are at record highs On Tuesday, securities of Microsoft Corp, Inc and eBay Inc broke records. The rush of investors’ demand for the shares of those companies involved in electronic commerce caused such...
  • Quarantine in Hong Kong is not for everyone Hong Kong is rescuing its stock exchange. In order to give life to the trading platform, the administration of the metropolis has shown flexibility concerning quarantine measures. So, Christopher Hui...
  • Economy of Japan demonstrates recession In the first quarter of this year, the economy of the Land of the Rising Sun dropped by 0.6% in monthly terms. The figures are not optimistic but are better...
  • Energy market news On Saturday, representatives of the countries included in the OPEC+ cartel managed to agree on the extension of the restrictions on oil production. It also became known that those countries...
  • Bentley fires employees in order to prevent losses in 2020 The Bentley brand has long been synonymous with luxury living. Unfortunately, the British automaker has to save because of a forced two-month break. The company’s CEO Adrian Hallmark said to...
Samsung will spend 11 billion US dollars on display development
October 10
13:00 2019

The South Korean corporation Samsung, which is the eternal rival of Apple, has announced plans for large-scale investment in the development and production of completely new displays. Speaking about the planned expenses, the company’s representatives mention the figure of 11 billion US dollars.

South Koreans have made such a decision to maintain a leading position in the world market and not let Chinese companies get on the podium. Moon Jae-in, President of South Korea, said that the government of the Land of Morning Calm was ready to stimulate the development of new technologies. That means that there will be direct investments in new technologies totaling about 400 billion won.

It became known that in a year, Samsung planned to build workshops for the production of displays on quantum dots. It is supposed that the production will be located in the city of Asan in South Chungcheong Province. In case of the implementation of a long-term plan for the development of production capacities, this industrial center will get at its disposal more than 80 thousand jobs.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment