Apple Inc. dealer Samsung Presentation thought on Thursday that it would finance US$ 13.1 trillion won ($11 billion) on services and research to upgrade a production line. As it clashes severe oversupply because of weak global demand for TVs and smartphones. The division of Samsung assumed that in 2025 it will spend around 10 trillion on services and rest on R&D to produce more innovative display screens. The venture announcement derives at time when South Korea’s board makers are struggling to survive. With slower LCD demand for smartphones and TV as well as increasing rivalry from Chinese competitors. Also, shift by critical clients to organic light emitting diode panels.
According to reports, Samsung said statethement the US$11 billion spendings for the upcoming five years concentrated on converting its LCD lines of South Korean into a facility. To manufacturing advanced quantum dot screens. Also Samsung had held LCD production last month. The company goes six display manufacturing lines with one LCD line in China. The company strategies to overcome the disaster of the large-scale display industry through ongoing investments. Mr. Moon Jae-in, South Korean President and vice chairman of Samsung Mr.Jay Y. Lee, to Samsung Group conglomerate, joined an authorization ceremony for the projected investment at Samsung Display’s developed site in the South Korean city of Asan.
Samsung plans to start the operation of the newly upgraded quantum dot line. With a capacity of 30,000 sheets monthly, according to the company. It propelled in the September unpaid redundancy programme for the employees at large display business division in South Korea, which is a source with direct knowledge of the matter told Reuters earlier. Away from the displays, the irregularity surrounding pulls between the US and China, on that Samsung earns a large chunk of income has controlled to a recession in the chip industry when smartphone request tapers off, and pace of data center construction decelerates.