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Samsung invests $2.1 billion in South Korean factory that will make nothing but OLED screens for phones

Categories: Samsung
By: , IntoMobile
Tuesday, June 22nd, 2010 at 2:44 AM

To quote Durran Durran, Samsung is “hungry like the wolf”. They want to be the world’s number one producer of mobile phones, smartphones in particular, and in order to achieve that goal they’re going to have to match Nokia’s infrastructure. There’s a reason that Nokia makes 2 out of every 5 mobile phones shipped. They’ve been making phones longer than anyone else, and have seriously invested in huge factories, with equally impressive supply chains, in order to be able to fill demand.

If Motorola, HTC, Samsung, or even Apple, could make as many phones as Nokia could, then they’d also have a huge share of the market. Alas, that isn’t happening, but Samsung is working to fix that.

The South Korean firm has just announced that they’re pouring $2.1 billion into a factory that when completed next July should be able to pump out 30 million 3 inch OLED screens per month. That’s 360 million mobile phone displays per year.

That’s a lot.

[Via: Mobile Business Briefing]

About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.