Samsung will invest in large-scale OLED panels

Samsung will invest in large-scale OLED panels

Following shared by OLED TVS supplier.

Samsung display co., which dominates the market for small and medium-sized organic light-emitting diode (OLED) panels, is investing heavily in large TV OLED panels, BusinessKoare reported. Earlier, samsung revealed that it had planned to announce an investment plan for a quantum dot OLED (qd-oled) for televisions in April, but that plan was later delayed.

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Samsung display recently said it would not delay its planned investment in mass production of OLED TVS, and expects to stop its existing liquid crystal display (LCD) panel production line in August and convert it to OLED production.

Samsung display plans to make a final decision on its investment in qd-oled TV panels by the end of this month or early next month, according to industry sources on June 23.

"The company has decided to focus on qd-oled," said one official familiar with the matter. "only the details need to be discussed."

Industry watchers believe samsung display will order the device in July and stop its LCD production at the asan campus in cheonan in August, switching to a TV qd-oled line.

The total investment is expected to reach 2.5 trillion won ($2.15 billion) and nearly 3 trillion won ($2.58 billion).

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