Samsung Display to build $1.8 billion OLED plant in Vietnam

Quick Summary:

The move comes 18 months after the display unit of tech giant Samsung Electronics Co., announced it would spend 4.1 trillion won ($3.1 billion) to build an 8.6th-generation OLED plant in Asan, Korea.

Earlier this week, Samsung Display Vietnam (SDV) signed a memorandum of understanding of the project with Bac Ninh authorities to build the plant in Yen Phong Industrial Park in Bac Ninh province, east of Hanoi, according to Vietnamese and foreign media reports.

Currently, Samsung Display produces OLED components at its Korean plant, while its factories in Vietnam and China handle the module attachment and final assembly work.

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Category: Economy

Markets: South KoreaChinaVietnam

Topics: Panels Market Samsung Display Build Korean Vietnam Billion Plant Oled Chinese

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 11:34:13 (5 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 640 words

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