| Samsung SDI to Invest $529 Million to Increase OLED Production (July 3)
Samsung SDI will increase production of active-matrix organic light-emitting diode (AMOLED) displays to six times the current level by mid-2009, spending $529 million, according to a report by Reuters. Samsung SDI said in a filing with the local exchange that it would invest 551.8 billion won ($528.6 million) until mid-2009 to expand its AMOLED output, according to Reuters. When the investment is completed, its production capacity will reach 9 million units a month in 2-inch screen terms, compared with 1.5 million currently, the company said. |
