Samsung Display Co. is said to spend 4.1 trillion won ($3.1 billion) to establish a mass production system for advanced OLED panels in South Korea. Recently, Samsung Display held a ceremony to invest in advanced production lines for OLED panels to be used in laptops and tablets by 2026. The company has officially announced that it will produce 10 million units of IT OLED per year from the 8th generation line from 2026 and raise it to 20% of total sales.
The OLED panel will grow 39 percent annually until 2027. Samsung Display’s investment comes as part of an effort to stay ahead of China in the display industry as it is chasing closely behind South Korean players.
“The government will expand incentives so that companies can invest at an appropriate time,” said Korean President Yoon Suk Yeol as he attended the investment deal between Samsung Display and other materials, parts and equipment manufacturers. “We will also offer research and development support for the advancement of OLED technology.”
As per the stats, Samsung Display’s sales in 2021 were 32 trillion won, and sales in 2022 were 34 trillion won. The current IT OLED sales are estimated to be in the early 1 trillion won. This means that with the establishment of the 8th generation OLED line for IT, additional sales exceeding 5 trillion won can be expected.
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