[THE INVESTOR] Samsung Display, the world’s No. 1 mobile OLED maker, on May 11 denied a news report that it has recently started construction of a new plant for flexible OLED in Asan, South Chungcheong Province.
“We are leveling the ground in an area adjacent to our existing manufacturing site in the city but we have not yet decided on what to do with the land,” a company spokesperson told The Investor.
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Earlier in the day Maeil Business News reported that Samsung Display has begun construction of a new plant, called A4, early this month with plans to invest up to 16 trillion won (US$14.20 billion) by 2018.
Its affiliate Samsung Engineering was reported to be in charge of the construction.
The report said the plant’s production capacity would reach about 135,000 panels per month, tantamount to display screens for about 20 to 30 million smartphones.
Samsung Display has supplied OLED screens for its sibling Samsung Electronics and other top handset makers. It is the sole panel supplier for Apple’s upcoming iPhone, tentatively called the iPhone 8, the first to feature an OLED screen.
By Kim Young-won (firstname.lastname@example.org)