Samsung plans to invest $3.6 billion in New OLED display production Line

Samsung plans to invest $3.6 billion in New OLED display production Line

Samsungs show unit has confirmed that it plans to speculate four trillion won ($3.6 billion) on a replacement OLED mechanical system. The South Korean school giants future plans were disclosed by a Samsung show interpreter in Associate in Nursing interview with Reuters on Wednesday. The interpreter expressed that Samsung can focus most of its new production capability on medium and small-sized OLED displays for client devices like smartphones and tablets.

The investment are going to be revamped subsequent 3 years to upgrade and expand its next-gen show facility as Samsung appearance to diversify its business and boost element sales to counter declining profits from its slumping smartphone business. Apple is quickly closing in on Samsung because the worlds prime smartphone maker and recently announce best earnings. IDC says the Apple just fell short of seizing the Samsungs leading spot in international smartphone shipments within the most up-to-date quarter.

Seeking to explore recent strategy are going to be closely joined to Samsungs ambitions in developing devices with versatile and sickle-shaped panels just like the ones found on the Galaxy Note Edge. trade consultants expect the firm to unveil another smartphone that includes this sickle-shaped screen technology once it launches subsequent Galaxy S flagship smartphone in March, simply previous the MWC.

SEOUL: South Korea’s Samsung show plans to take a position four trillion won ($3.6 billion) into creating organic diode (OLED) panels as its parent Samsung physics Co Ltd appearance to spice up parts sales to offset weaker smartphone earnings. A Samsung show voice told Reuters on Wednesday the investment can occur from 2015 to 2017 for a replacement assembly line which will create medium and small-sized OLED displays for shopper physics devices like smartphones. Analysts and investors say Samsung physics can have to be compelled to deem its element sales to come up with earnings growth this year as sales for the erstwhile cashcow smartphone business decline. The chips and displays businesses are attempting to amass additional external customers to grow sales. Recent information shows that archrival Apple opposition held to or surpassed Samsung because the world’s high smartphone maker within the fourth quarter. Samsung physics invests heavily in its parts businesses on Associate in Nursing business whereas another four trillion won visited displays. additionally to the planned OLED investment, Samsung is anticipated to begin building a fifteen.6 trillion won chip plant in South Korea someday within the half of the year. the corporate same in Gregorian calendar month that construction for this plant are completed within the last half of 2017. Such investment needs might act as a constraint in Samsung’s capital returns. someone with direct data of the matter told Reuters on weekday that the company’s total 2015 dividend payout can probably fall from 2014. South Korea’s Yonhap agency individually reported on Wednesday that LG show Co Ltd plans to take a position between one trillion won and one.2 trillion won this year to feature capability in Associate in Nursing existing large-panel OLED assembly line. LG show declined to comment.