Samsung Display said on Sunday it has started building its new 8.6-generation IT organic light-emitting diode (OLED) production line, signalling a strategic move to solidify its leadership position in the global flat screen market.
The company will transform its existing L8 line into the new A6 line for the 8.6-generation OLED panels aimed at IT devices besides smartphones in its facilities in the central region of Asan, reports Yonhap news agency.
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It will be Samsung Display’s sixth OLED line and, upon completion, will become the highest-generation OLED line in the world.
The company plans to install major equipment this year and start full-scale mass production in 2026.
The move follows the announcement in April last year that Samsung Display will invest 4.1 trillion won ($3.1 billion) in the IT OLED field by 2026 to build a line capable of producing 10 million laptop panels per year.
According to market research firm Omnia, the global IT OLED market is expected to grow from $2.5 billion in revenue in 2024 to $8.9 billion in 2029 at an annual growth rate of 28.6 percent.
