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Samsung Display Co., a major display panel maker, said on Thursday it will invest 13.1 trillion won ($10.9 billion) by 2025, to upgrade its liquid crystal display (LCD) production facilities and produce more advanced displays amid a slump and increased competition.
Panel makers here, including its large local rival LG Display Co., have been in a struggle to deal with weak demand from TV and smartphone makers, and increased competition from Chinese rivals, shifting their focus to organic light emitting diode (OLED) panels.
Under the plan, the wholly owned subsidiary of South Korean tech giant Samsung Electronics Co. will spend 10 trillion won to upgrade its existing facilities and accelerate a shift into next-generation panels, Yonhap news agency has reported.
The remaining amount will be spent on developing high-end display technologies, especially focusing on the quantum dot materials — utilised to enhance performance in key picture quality areas — and other solutions.
In detail, Samsung Display will revamp its LCD production lines in Asan, located south of Seoul, to focus on the quantum dot displays. The renovated production line will have a monthly capacity of 30,000 sheets of 65-inch quantum dot displays, with the output to be gradually expanded down the road, according to Samsung Display.
In July, LG Display Co. also said it will invest 3 trillion won for its OLED production line in South Korea to expand its production capacity for premium panels.
Stung by plunging LCD prices, Samsung Display suffered a 61 billion-won loss on sales of 11.8 trillion won in the first half of this year.
LG Display said in September that it will begin a voluntary retirement program as part of cost-cutting efforts amid mounting losses from its liquid crystal display (LCD) business and marks a transition from money-losing LCDs to a more profitable OLED business.
Last month, LG Display named LG Chem Ltd. President Jeong Ho-young as its new CEO to replace incumbent chief Han Sang-beom.
LG Display’s net losses deepened to 613 billion won in the first half of the year from 350 billion won in the year-ago period due mainly to tougher competition with Chinese rivals.
The series of massive investments may help South Korea maintain its lead in the display industry down the road and brace for the escalating protectionism around the globe, including the prolonged tension between the US and China.
Displays have been cited as one of the major future growth engines by South Korea, along with chips, automobiles, biotechnology products and carbon fibres.
South Korea plans to invest 111.3 billion won in research and development projects for displays in 2020, which marks more than a threefold growth from the 25.4 billion won allocated this year, according to the Ministry of Trade, Investment and Energy.
Samsung, meanwhile, has been rolling out aggressive investments in different areas of the tech industry amid the intensifying competition in the market.
Earlier this year, Samsung said it will invest 133 trillion won by 2030 to expand its non-memory and foundry business to take the top spot in the high-tech and lucrative sector. (IANS)
By Monika Manchanda
Eating seasonal and locally available fruit has many health benefits ranging from reducing sugar and inflammation levels to fighting high blood pressure -- thanks to their abundant vitamins and mineral presence! They are a powerhouse of antioxidants like vitamins A, B, C, E, and minerals like iron, calcium, magnesium, and fiber.
The fruits listed below are not just diabetic-friendly but are loaded with fiber and water content which can slow down the sugar spikes and sugar absorption rate. Apples are not just nutritious and filling; According to a study, they are significantly associated with a lower risk of type 2 diabetes if consumed in moderation. Turns out there is a truth in the old saying, "An apple a day keeps the doctor away", after all!
Star fruit: This sweet and sour fruit is rich in dietary fiber and vitamin C. It also positively impacts anti-inflammatory processes and can help repair cell damage, and it has minimal fruit sugars as well. Kiwi fruit is an excellent source of Vitamin E, K, and potassium, and they are low in fruit sugars as well, which makes it a perfect diabetic-friendly fruit.
Pear are nutrient-rich, and they are known to fight inflammation and improve digestion.? Studies also suggest that consuming pears along with a healthy diet reduces the risk of type 2 diabetes. Orange: This citrus fruit is full of fiber that helps slow down sugar absorption into the bloodstream, and its vitamin C component helps improve immunity levels.
Keywords: Diabetics, Apples, Star fruit, Pear, Melons, Kiwi fruit
By Nimerta C Sharan
Exciting news for all handbag lovers, luxury fashion house Louis Vuitton recently launched their limited edition handbags 'Artycapucines - Chapter 3'. Six internationally -- acclaimed artists have transformed the black canvas of the timeless Capucines bag into beautiful art pieces. Each bag will be available in a limited edition of 200 and will be released worldwide at the end of October 2021.
Looking for a quick festive fashion fix for you and your loved ones? E-commerce giant AJIO has announced it's hottest fashion sale starting September 30, 2021. The shopping platform has roped in stylista Sonam Kapoor as the face of the sale that will offer more than 2500 brands at discounted prices.
The country's leading design house, Good Earth, in collaboration with textile designer Madeline Weinrib will present its collection of 'butah' motif dinnerware and home textiles at the Metropolitan Museum of Arts, New York. The 'Heirloom Project' that honours diverse Islamic design techniques will display curated products from across the globe.
Sweet dreams are made of this! Iconic French patisserie Laduree has opened its first Indian outpost at Delhi's upscale Khan Market. Spread over three floors, the bakery currently has twelve macaron flavours, their signature pastries and tea cakes and other brunch and high-tea items on the menu. Bon appetit.
Bright And Beautiful
Raw Mango's latest festive edit 'Moomal' goes live on their website on September 26, 2021. Inspired by the richness and diversity of Rajasthan, the collection consists of organza and silk saris and shararas, gota lehengas and kurtas and embroidered odhnis. The colours and silhouettes are just right for the upcoming festive season. (IANS/ MBI)
Keywords: Lifestle, AJIO, sale, Deepika PAdukone, saris, Motifs, artisan, art
She took to Instagram to share her experience, detailing that doing all that over the six months period left her with "permanent stretch marks". "Gaining 20 kgs in 6 months and loosing it all within 6 months that too in my thirties messed up many things in my bodya I also have permanent stretch marks as well but art comes to life with a price and more often than not price is the artist him/herself," she wrote.
"Thalaivii" showcases the varied aspects of Jayalalithaa's life, tracing her journey as an actress at a young age to becoming the face of Tamil cinema, as well as the rise of the revolutionary leader who changed the course of the state's politics. Talking about her upcoming works, Kangana currently has 'Dhaakad'.
She is also shooting for her next 'Tejas', where she plays a fighter pilot. The Indian Air Force was the first of the country's defence forces to induct women into combat roles in 2016. The film takes inspiration from the landmark event. 'Tejas' is directed by debutant Sarvesh Mewara. The film will be RSVP's second film which pays a tribute to the Indian military after the immensely successful film "Uri: The Surgical Strike" which was released in January 2019. (IANS/ MBI)
Keywords: Kangana Ranaut, Thalaivii, bollywood, stretc marks, actress, tamil cinema