After a not-so-great year with the Galaxy S5 smartphone and its sales, Samsung is wanting to offset those loses by investing a huge $3.6 billion into OLED panel production, where it hopes other manufacturers will buy more of its components, and new OLED screens.
A spokesperson for Samsung Display spoke with Reuters, where they said that a new production line will be manufacturing small and medium-sized OLED panels that would make their way into smartphones, tablets and other small devices - VR headsets, for example. The large investment will take place over the next three years or so.
Popular Now: Linus Tech Tips leaks Steam Frame first impressions, and Valve may be working on native Half-Life: Alyx supportBut it's not just Samsung that is investing into the future of OLED panel production, with its South Korean rival LG spending around $915 million on its TV-sized OLED panel production this year, after it cited increased demand. LG has already spent $726 million on OLED production, too.
