Samsung Display plans to spend 13 trillion won ($11 billion) to upgrade a South ...
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea January 7, 2019. REUTERS/Kim Hong-Ji/File Photo
Samsung Display, a unit of Samsung Electronics Co Ltd and an Apple Inc supplier, will announce the investment next month, Yonhap said, citing unidentified industry sources. It did not mention a timeframe for the investment. South Korea’s panel makers have been struggling to cope amid slower LCD demand for TV and smartphones as well as rising competition from Chinese rivals and a shift by major clients to organic light emitting diode panels.
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