[High-tech LED News] South Korea's Samsung LED recently announced that the company plans to spend 166.3 billion won (about 151 million US dollars) to expand production capacity, the company said that this expansion plan is mainly to meet short-term demand, not to build a new factory, is expected to be The expansion plan was implemented at the end of June.
Samsung LED has announced that it will establish a joint venture with Sumitomo Chemical Co., Ltd. in Korea to establish a new sapphire substrate for LED. The joint venture has a capital of approximately 80 billion won. It is expected to build a plant this year. The investment in equipment is expected to reach 210 billion won. In early 2012, mass production of sapphire ingots will begin. It is estimated that the monthly production capacity for the period from January to March 2012 will reach 120,000 pieces, and the 2012 revenue target will be 100 billion won.
Samsung has indicated this year that it will invest 8.6 trillion won in the next 10 years to expand its LED business, and hopes to achieve a target of 17.8 trillion won in 2020 revenue.
Samsung LED has announced that it will establish a joint venture with Sumitomo Chemical Co., Ltd. in Korea to establish a new sapphire substrate for LED. The joint venture has a capital of approximately 80 billion won. It is expected to build a plant this year. The investment in equipment is expected to reach 210 billion won. In early 2012, mass production of sapphire ingots will begin. It is estimated that the monthly production capacity for the period from January to March 2012 will reach 120,000 pieces, and the 2012 revenue target will be 100 billion won.
Samsung has indicated this year that it will invest 8.6 trillion won in the next 10 years to expand its LED business, and hopes to achieve a target of 17.8 trillion won in 2020 revenue.
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