The company had already invested $1.7 billion in the first half of this year and is about to invest an additional $2.56 billion, totalling $4.26 billion by the end of next year in favour of flexible OLED production. The company has already hinted at the development of foldable smartphones featuring flexible OLEDs, it recently demoed a 5.7-inch rollable OLED display and is expecting the demand of flexible OLED to rapidly rise from next year.
The report notes that foldable displays will call for larger OLED displays compared to today's smartphone form factors, hence the need to further expand production capacity.
Samsung Display currently operates L6 to L8 LCD production facilities and A1 to A3 mobile OLED panel production facilities. The L6 line produces LCD panels for IT devices, while the L7 and L8 lines produce LCD panels for TVs.
The A1 and A2 lines produce flat and flexible OLED panels, while the A3 line produces flexible OLED panels. Once the L7 line is converted to OLED production line, four out of six plants owned by Samsung Display will produce OLED products, reads the report.