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Investing.com – South Korea-listed Samsung Display will invest as much as 13.1 trillion won ($11.0 billion) on facilities and research on next-generation display technology, the country’s presidential office said on Thursday.
The announcement even was attended by South Korean President Moon Jae-in and Samsung Electronics Vice-Chairman Jay Y. Lee.
The Samsung unit will build a quantum-dot display production line in Asan, according to a company statement, which will begin operations from 2021.
The investment is expected to create 81,000 jobs, the company noted.
Samsung Display is an Apple supplier and is a unit of index heavyweight Samsung Electronics Co Ltd (KS:).
Samsung Electronics’ share prices last traded at KRW 48,650, down 0.5%.
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