Samsung Display officially invests US$10.9 billion in world’s first QD display
SEOUL (The Korea Herald/ANN) - Moon touts bright future of Samsung in ceremony hosted by Lee Jae-yong.
Samsung Display announced Thursday that it will invest a total of 13.1 trillion won ($10.9 billion) over the next five years to establish the world’s first production line for quantum dot-based display panels.
The investment plan, highly anticipated by industry watchers, makes it official -- Samsung will switch from the current liquid crystal display-focused display technology to self-emissive quantum dot technology for large displays.
President Moon Jae-in added weight to the Samsung investment by attending a signing ceremony for an agreement between the panel maker and contractors to stabilize supplies of display materials, parts and equipment.
“It is important to maintain the top spot in the global display market with game-changing technologies,” Moon said. “Following LG Display’s 3 trillion won investment in large OLED panel production in July, Samsung Display’s latest investment plan brightens the prospects further.”
Samsung Electronics Vice Chairman Lee Jae-yong, the conglomerate’s de facto leader, greeted the president and pledged to continue investing in new display technologies.
“Displays are our ‘dream platform’ that connect us from home to office, and are used everywhere for industries, education and medicine,” Lee said. “We will invest over 13 trillion won only for next-generation displays and create new jobs for young people despite the difficult economic situation.”
Samsung is planning to turn its current LCD line in Asan, South Chungcheong Province, into a Gen.8.5 QD line phase-by-phase and is scheduled to complete the conversion by 2025.
Starting next year, the new line will start manufacturing at least 30,000 units of large QD display panels over 65 inches.
Although the company didn’t specify that it is converting from LCD to OLED for large panels, it is reportedly developing panels with blue OLED emitters and QD particles, called “QD-OLED” panels.
If QD-OLED panels are commercialized, Samsung Electronics is likely to adopt the self-emissive panels for TVs.
The current LCD business workforce will be relocated to the new QD business and hire new employees specialized in quantum dot materials and process technology.
Samsung forecasts that about 81,000 new jobs will be created in the QD display sector.
During the ceremony, President Moon also unveiled the government’s plan to support OLED technology by allocating 400 billion won from its budget over the next seven years.
It is the president’s third visit to one of Samsung’s facilities. He toured a smartphone plant in Noida, India, last July and the semiconductor campus in April.
The president’s latest visit is interpreted as the government’s determination to spread Samsung’s investment initiative to other conglomerates and encourage them to make investments amid dire economic forecasts.
Moon also said the agreement between Samsung and other suppliers will offer a critical chance for the country to lessen its reliance on a particular country for imports of key display materials, parts and equipment.