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Samsung Display Plans to Invest 11B to Develop Next-Generation Display Technology

Investing.com - South Korea-listed Samsung (KS:005930) 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 event was attended by South Korean President Moon Jae-in and Samsung Electronics (KS:005930) Vice-Chairman Jay Y. Lee.

The Samsung (KS:005930) 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 (NASDAQ:AAPL) supplier and is a unit of index heavyweight Samsung Electronics Co Ltd (KS:005930).

Samsung (KS:005930) Electronics’ share prices last traded at KRW 48,650, down 0.5%.

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