Samsung will spend 11 billion US dollars on display development

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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

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