October 10, 2019 / 2:23 AM / 8 days ago

Samsung Display to invest $11 bln by 2025 -Blue House

SEOUL, Oct 10 (Reuters) - Samsung Display plans to invest 13.1 trillion won ($11.0 billion) on facilities and research by 2025, South Korea’s presidential office said on Thursday.

Samsung Display, a unit of Samsung Electronics Co Ltd and an Apple Inc supplier, will spend 10 trillion won on facilities and the rest on research and development of next-generation display technology, the presidential office, or Blue House, said in a statement.

South Korean President Moon Jae-in had attended a signing ceremony at Samsung Display’s manufacturing site in the South Korean city of Asan, the Blue House said.

$1 = 1,195.6000 won Reporting by Ju-min Park; Editing by Tom Hogue

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