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Samsung to invest record $24 billion in flexible displays and flash memory production

By Daniel Petrov

Updated: Oct 27, 2016, 4:58 AM

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Samsung's semiconductor production is becoming its bread-and-butter business, and the OLED display manufacturing won't be far behind, it seems. The company is planning to invest the whopping $24 billion in expanding the mass production of those components, in order to meet the rising demand from its phone business and external clients.

Given that it was the first to start a 10nm chipset foundry in mass quantities, and the rumors that Apple will be using its OLED panels for the 2017 iPhone(s), it's not hard to fathom why such a huge investment. Samsung's flagships are also expected to use curved flexible OLED screens going forward, so there will be plenty of demand to be met by the new facilities.

source: Korea Herald

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Daniel, a devoted tech writer at PhoneArena from 2010 to 2025, has been engrossed in mobile technology since the Windows Mobile era. His expertise spans mobile hardware, software, and carrier networks, and he's keenly interested in the future of digital health, car connectivity, and 5G. Beyond his professional pursuits, Daniel finds balance in travel, reading, and exploring new tech innovations, while contemplating the ethical and privacy implications of our digital future.