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Samsung Display to invest 13.1 trillion won on facilities, research by 2025

Samsung Display Co. Ltd. confirmed it will invest 13.1 trillion South Korean won by 2025 on facilities and research to produce next-generation display screens, Reuters reported Oct. 9, citing a statement.

The Samsung Electronics Co. Ltd. unit will spend the investment on converting one of its liquid crystal display production lines into a facility for mass-producing quantum dot screens. The company plans to begin operating its quantum-dot line from 2021 with a target capacity of 30,000 sheets per month.

Samsung Display also signed a cooperation agreement with small and medium-sized enterprises to supply materials, components and equipment for the upcoming production facility, South Korean President Moon Jae-in said in a speech.

Moon added that the South Korean government will "boldly assist" in developing next-generation display technologies by expanding support for relevant businesses, creating a test bed for display-making processes, enabling industry partnerships and training technical professionals.

The investment plans came amid a weak global LCD demand for smartphones and TVs, rising competition from Chinese companies, and a shift to organic light emitting diode panels, according to Reuters.

Samsung Display earlier suspended an LCD production line in South Korea due to "supply glut."

As of Oct. 9, US$1 was equivalent to 1,197.68 South Korean won.