Samsung is planning to build world’s largest OLED production lines in South Korea in a bid to beef up production of OLED screens to further widen the gap with fast-growing Chinese display makers, according to a report by Korean news website ET News.
According to the report, the new plant is expected to raise 30 per cent of the OLED production, compared to present production capacity by the current largest OLED plant.
Samsung Display, which controls 98 per cent of global markets for small and medium flexible OLED screens, is the sole OLED supplier to Apple for its upcoming iPhone 8 model. The firm has promised to supply at least 3-4 million OLED-panels to Apple before the launch of iPhone 8 but, it still lacks behind the ordered quantity, which is 70 million OLED-panels.
“Chinese display makers are making all-out efforts to beef up production (that would lower panel prices overall). Samsung is seeking to secure an edge on production volume, technology and prices,” a source told ET News.
“Even though the plan needs to be approved at a board meeting next month, Samsung has already informed the plans to key equipment suppliers,” another source told ET News.
