Tech

Samsung Display to invest $11 billion in facilities, research by 2025

Key Points
  • Samsung Display plans to invest 13.1 trillion won ($11.0 billion) on facilities and research by 2025, South Korea's presidential office says.
A South Korean flag, left, and Samsung Electronics flag fly outside the company's headquarters in Seoul, South Korea.
Jean Chung | Bloomberg | Getty Images

Samsung Display plans to invest 13.1 trillion won ($11.0 billion) on facilities and research by 2025, South Korea's presidential office said on Thursday.

Samsung Display, a unit of Samsung Electronics and an Apple supplier, will spend 10 trillion won on facilities and the rest on research and development of next-generation display technology, the presidential office, or Blue House, said in a statement.

South Korean President Moon Jae-in had attended a signing ceremony at Samsung Display's manufacturing site in the South Korean city of Asan, the Blue House said.