Samsung Display announed new investments on Thursday worth almost 11 billion dollars... to produce high-end Quantum dot OLED screens.<br />South Korea's trade ministry has also unveiled a set of measures... to help nurture the local display industry.<br />Kim Hyesung has the details.<br />Samsung Display is investing almost 11 billion U.S. dollars to develop quantum dot OLED displays by 2025.<br />It will invest 8-point-four billion dollars in facilities and the rest in research and development of quantum dot display technologies.<br />Quantum dots are tiny semiconductor crystals that can convert blue light into red and green when excited by an energy source.<br />Quantum dot-OLED displays have a higher energy efficiency and wider color range than LCD, or liquid-crystal displays.<br />This investment is seen as a move by Samsung to accelerate the shift to high-end display screens and gain a competitive edge against its rivals from China and address falling profits amid the oversupply of LCD panels in the global market.<br />It had mainly produced displays for smartphones but not TVs.<br />Samsung plans to retool some of its LCD production lines for quantum dot production and begin operation from 2021 with a monthly capacity of 30-thousand sheets.<br />It added that the investment is expected to create around 80-thousand new jobs over the next five years.<br />South Korea's trade ministry also announced Thursday, that the government will allocate a 93 million dollar new budget for the display sector in 2020.<br />This is a three-fold increase from this year's as part of efforts to support R&D and cooperate with companies and universities to nurture talent in the display industry.<br />LG display had also announced in July an investment of 2-point-six billion dollars in OLED facilities to expand its production for its premium OLED panels.<br />Kim Hyesung, Arirang News.<br />
