Samsung wants to invest $3.6 billion into OLED panel production

Samsung wants to offset its lost smartphone sales over the coming years with a new $3.6 billion investment into OLED panel production.

@anthony256

Published Feb 14, 2015 1:19 AM CST
Updated Nov 3, 2020 1:10 PM CST

34 seconds read time

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.

Samsung wants to invest $3.6 billion into OLED panel production | TweakTown.com

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.

But 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.

NEWS SOURCE:electronista.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.