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Thursday, January 24, 2013
Samsung Display Reaches OLED Panel Production Milestone

Samsung Display announced today that it has exceeded 300 million panels in cumulative OLED (Organic Light Emitting Diode) panel production since mass production began in January 2007.

Piling all 300 million Samsung OLED panels on top of one another would equal more than 68 times the height of Mt. Everest.

While it took Samsung Display four and a half years to reach the initial 100 million production mark for OLED panels, the next 100 million units were produced in just eleven months, and the last 100 million units were produced in only seven months.

Samsung Display held a ceremony to commemorate the 300 million production milestone today at Samsung Display City located in Asan city, Chungcheongnam-do, Korea, which was attended by its president and more than 300 other employees.

Kinam Kim, the president and CEO of Samsung Display, said at the ceremony, "After six years of nearly constant production, we have achieved a monumental milestone in producing 300 million panels, which represents the vast majority of OLED panels produced during that time." He added, "Samsung Display will accelerate its leadership in OLED production by introducing the next generation OLED technology, including large-sized TV panels and flexible displays."

Samsung Display has 98 percent market share in the OLED panel market.

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