Samsung Display, a subsidiary of the Samsung Group, announced on the 20th that it plans to sell the old production facilities to the Chinese panel maker Truly in order to update the equipment. The two parties are currently discussing the price.
According to reports, SamsungDisplay intends to sell its production equipment at the Cheonan plant, 90 kilometers from Seoul, which produces LCD panels. SamsungDisplay public relations officer KimHo-jung said that the move is to remove outdated equipment and install new equipment, but they have not yet decided how to use the space after the equipment is cleared. There are currently several options, such as changing to an OLED panel factory.
The industry pointed out that SamsungDisplay plans to invest $1 billion to set up a new factory near Samsung Electronics' mobile phone factory in Vietnam. Samsung Electronics previously said it will build the world's largest mobile phone production base in Vietnam. It is estimated that the annual production capacity in the first half of this year will be 240 million. After that, Samsung related companies have opened mobile phone parts factories in Vietnam to concentrate on production and mass production.
According to reports, SamsungDisplay intends to sell its production equipment at the Cheonan plant, 90 kilometers from Seoul, which produces LCD panels. SamsungDisplay public relations officer KimHo-jung said that the move is to remove outdated equipment and install new equipment, but they have not yet decided how to use the space after the equipment is cleared. There are currently several options, such as changing to an OLED panel factory.
The industry pointed out that SamsungDisplay plans to invest $1 billion to set up a new factory near Samsung Electronics' mobile phone factory in Vietnam. Samsung Electronics previously said it will build the world's largest mobile phone production base in Vietnam. It is estimated that the annual production capacity in the first half of this year will be 240 million. After that, Samsung related companies have opened mobile phone parts factories in Vietnam to concentrate on production and mass production.
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