Samsung Display Plans to Invest 11B to Develop Next-Generation Display Technology 

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© Reuters. © Reuters. – South Korea-listed Samsung Display will invest as much as 13.1 trillion won ($11.0 billion) on facilities and research on next-generation display technology, the country’s presidential office said on Thursday.

The announcement even was attended by South Korean President Moon Jae-in and Samsung Electronics Vice-Chairman Jay Y. Lee.

The Samsung unit will build a quantum-dot display production line in Asan, according to a company statement, which will begin operations from 2021.

The investment is expected to create 81,000 jobs, the company noted.

Samsung Display is an Apple supplier and is a unit of index heavyweight Samsung Electronics Co Ltd (KS:).

Samsung Electronics’ share prices last traded at KRW 48,650, down 0.5%.

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