[ET NEWS] Samsung Display, the display-making unit of Samsung Electronics, has started expansion of its organic light-emitting diode production lines under its plans to spend almost 10 trillion won (US$8.90 billion) this year alone, industry sources said on March 31.
The company has recently inked deals with several equipment manufacturers to replace its current production lines for liquid-crystal displays with those for OLED production.
Samsung Galaxy S8
‘Apple unlikely to rush OLED iPad’: sources
Samsung Display’s OLED market share to fall to 72% in 2020
LG Display CEO still upbeat on LCD demand despite upcoming OLED iPhone
About 3 trillion won is expected to be spent for the expansion that aims to produce 30,000 units of the sixth-generation OLED panels per month, possibly from the fourth quarter this year.
Adding to that, Samsung Display also plans to spend 3-4 trillion won for the expansion of the A3 flexible OLED production plant and 1 trillion won into its Vietnam module plant.
Industry watchers say the flagship A3 plant will increase its production capacity from the current 30,000-45,000 units to some 120,000 units by the end of this year.
Samsung is beefing up OLED production to meet the soaring demand for smartphones. The company currently dominates more than 95 percent of the market.
With Apple’s iPhone adopting OLED for the first time this year, other smartphone makers, including those in China, are increasingly rolling out high-end models with OLED displays. Samsung uses OLED for almost 70 percent of its smartphones.
LG Display also plans to start the production of sixth-generation OLED panels later this year but the report said Samsung would continue to maintain its leadership in the coming years.
By Bae Ok-jin (email@example.com) (firstname.lastname@example.org)
Powered by ET News and The Investor