Samsung to put $3bn into OLED production

The money will go into expanding and equipping its production lines in Asan City in South Chungcheong province, south of Seoul.

The result will be the doubling of production capacity of 14.3 inch panels from 4.5 million a year to 10 million.

The company stopped production of  LCD panels last after Chinese producers slashed prices.

Samsung is focusing on premium OLEDs including foldables.

Tablet and PC makers are transitioning to OLED  for premium products.

According to the Korean government the investnent will add 26,000 jobs.

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