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, in response to the rising demand for foldable smartphone panels. The company made this decision following an investment reviewing committee meeting on August 7. The new plant, named A7, was halted in 2021 due to the COVID-19 pandemic, but construction is now set to resume.
The facility is expected to be completed in 2028 and will initially focus on producing foldable and micro OLED panels. While Samsung Display has not yet determined which specific production lines will be installed, industry officials anticipate that the expanded plant will cater to the growing market for next-generation smartphone displays and ultra-high-resolution panels.
Samsung Electronics recently announced a 140 trillion won investment in the Chungcheong region, with Samsung Display contributing 67 trillion won to the Asan and Cheonan sites.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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