Samsung Display to expand capacity to meet growing foldable phone demand
Samsung Display will expand its manufacturing facility in Asan, South Chungcheong Province, to meet growing demand for foldable smartphone panels and further cement its position as the market leader in the sector. According to industry officials, Tuesday, the company held an investment reviewing committee on Aug. 7 and decided to resume the halted construction of a new plant in its Asan site,…
Samsung Display is set to expand its manufacturing facility in Asan, South Chungcheong Province, to keep up with the increasing demand for foldable smartphone panels, further solidifying its leadership in the sector. Industry officials revealed on Tuesday that the company's investment reviewing committee, held on August 7, approved the resumption of halted construction of a new plant at the Asan site, dubbed as A7.
The new plant's construction was paused in 2021 amid the COVID-19 pandemic, but it is slated to be completed by 2028.
While the specific production lines for the expanded facility have yet to be determined, industry experts predict it will primarily focus on producing foldable and micro OLED panels. Earlier this month, Samsung Electronics announced a significant investment of 140 trillion won in the Chungcheong region, with Samsung Display committing 67 trillion won to Asan and Cheonan.
As part of their strategic plan, Samsung Display aims to construct production lines for next-generation smartphone displays and ultra-high-resolution panels.
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