Samsung SDI to Invest $529 Million In OLED Production
Samsung SDI said on Monday it would boost production of
next-generation organic displays to six times the current level
by mid-2009, spending $529 million.
The move comes as leading panel makers try to grab a piece of
the fast-growing market for active-matrix organic
light-emitting diode (AM-OLED) displays, which make
better-quality, slimmer and more energy-efficient screens than
liquid crystal displays.
Samsung SDI, which produces small-sized AM-OLED screens used in handheld devices, said in a filing with the local exchange that it would invest 551.8 billion won ($528.6 million) until mid-2009 to expand its AM-OLED output.
When the investment is completed, its production capacity will reach 9 million units a month in 2-inch screen terms, compared with 1.5 million currently, the company said.
Other makers are also moving fast to launch OLED products and build scale. Sony last November started selling small-sized TVs using OLED technology and Toshiba plans to ship small-to-medium-size OLED screens for mobile devices in the autumn.
Last week, Japan's Sankei Shimbun daily reported Matsushita is finalizing plans to mass-produce 37-inch OLED TVs in three years.
Samsung SDI, which produces small-sized AM-OLED screens used in handheld devices, said in a filing with the local exchange that it would invest 551.8 billion won ($528.6 million) until mid-2009 to expand its AM-OLED output.
When the investment is completed, its production capacity will reach 9 million units a month in 2-inch screen terms, compared with 1.5 million currently, the company said.
Other makers are also moving fast to launch OLED products and build scale. Sony last November started selling small-sized TVs using OLED technology and Toshiba plans to ship small-to-medium-size OLED screens for mobile devices in the autumn.
Last week, Japan's Sankei Shimbun daily reported Matsushita is finalizing plans to mass-produce 37-inch OLED TVs in three years.
