Samsung Electronics is investing $1.8 billion in Vietnam to expand its OLED manufacturing capacity. This move aims to meet the growing demand for high-performance OLED displays, particularly for smartphones and premium TVs.
The additional investment will upgrade and modernize the existing OLED production lines at Samsung’s factory in Bắc Ninh, Vietnam. The factory, established in 2015, is already one of the world’s largest OLED manufacturing facilities.
The expansion is not just about technology, it’s about people. It’s expected to create thousands of new jobs in Vietnam, further strengthening the country’s position as a global hub for electronics manufacturing. Samsung’s commitment to Vietnam’s economic growth is evident in its significant contribution to the country’s job market.
OLED displays are known for their superior picture quality, wider viewing angles, and thinner designs compared to traditional LCDs. They are also more energy-efficient, making them an attractive option for consumers and manufacturers.
The growing demand for OLED displays is being driven by the increasing popularity of smartphones and the emergence of new applications such as foldable phones and augmented reality devices. Samsung is one of the leading manufacturers of OLED displays, and the company’s investment in Vietnam is a sign of its commitment to maintaining its position in the market.
The $1.8 billion investment is expected to take several years to complete, and Samsung has yet to disclose a specific timeline for the project. However, the company has said it is committed to investing in its OLED manufacturing capabilities to meet the growing demand for its products.
In addition to its investment in Vietnam, Samsung is expanding its OLED manufacturing capacity in South Korea. The company is building a new OLED fab in Asan, expected to start production in 2024.
Samsung’s investment in OLED manufacturing is a positive development for the global electronics industry. This is expected to lead to lower prices for OLED displays and a range of products that use this technology.