Samsung Display steps up its OLED production line
In an effort to improve its standing in the flat-screen industry, Samsung Display has been building a new 8.6-generation OLED production line in Asan. When the project is finished, it will have the highest-generation OLED line in the world. Full-scale mass production is scheduled for 2026, including the installation of main equipment this year. The anticipated expansion of the worldwide IT OLED market is mirrored in Samsung's investment.
The company will transform its existing L8 line into the new A6 line for the 8.6-generation OLED panels aimed at IT devices besides smartphones in its facilities. It will be Samsung Display's sixth OLED line.
According to market research firm Omnia, the global IT OLED market is expected to grow from USD 2.5 billion in revenue in 2024 to USD 8.9 billion in 2029 at an annual growth rate of 28.6 per cent.
The company plans to install major equipment this year and start full-scale mass production in 2026. The move follows the announcement in April last year that Samsung Display will invest 4.1 trillion won (USD 3.1 billion) in the IT OLED field by 2026 to build a line capable of producing 10 million laptop panels per year.
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