Samsung Display to invest $3.1 billion in OLED production in South Korea

Samsung Electronics’ unit Samsung Display plans to invest 4.1 trillion won ($3.14 billion) until 2026 in Asan, South Korea to make advanced organic light-emitting diode (OLED) display panels used in tablets and computers, the trade ministry said on Tuesday.

The South Korean tech giant expects to invest $230 billion over the next 20 years to develop what the country’s government called the world’s largest chipmaking base, in line with efforts to boost the national chip industry.

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