Samsung Display announced plans on Thursday to spend almost 11 billion U.S. dollars on new manufacturing lines for Quantum Dot OLED displays through 2025.
Quantum dots are tiny semiconductor crystals that enable the conversion of blue LED light to red and green to create displays with a higher energy efficiency and wider color range than LCD-based products.
This huge investment in the display industry is seen as a move to accelerate the shift to the next generation of high-end display screens and gain a competitive edge against LG Display and rivals from China.
Samsung Display says the investment is expected to create over 80-thousand new jobs over the next five years.
