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Samsung announces new U.S. plant ahead of Trump summit with Moon
REUTERS/Andrew Kelly/File PhotoSEOUL Samsung Electronics Co Ltd said it will open its first U.S. appliances plant in more than three decades, a politically pleasing investment ahead of South Korean leader Moon Jae-in's two-day summit with U.S. President Donald Trump. But it hasn't had a U.S. appliances plant since the early 1990s when it closed a TV factory. Whirlpool argues the South Korean firms have skirted Commerce Department anti-dumping orders for years by shifting production to various countries. FILE PHOTO: The logo of Samsung Electronics is seen in Seoul, South Korea, July 4, 2016. The investment falls into line with Samsung's strategy of boosting high-end home appliance product sales in the United States.
Samsung is reportedly building a new factory to keep up with demand for OLED screens
A new report from Korean outlet ET News says that Samsung subsidiary Samsung Display has begun construction of a new facility in South Korea to keep up with Apple's demand for OLED panels. OLED displays don't need to be backlit, as they light up themselves. The main advantages of OLED displays come in the form of color vibrancy and power efficiency, but they also allow devices to be physically smaller. The sizeable $20 billion (£15.4 billion) investment comes as Samsung Display is the only supplier Apple has selected to mass produce the display that will allegedly cover the entire front of its tentatively named "iphone 8." This also allows to create curved displays, such as the one seen on Samsung's own Galaxy S8 flagship.
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