SEOUL (Reuters) – 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 Co Ltd and an Apple Inc 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.
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