MANHASSET, N.Y. South Korean electronics company Samsung Electronics Co. Ltd has decided to invest an additional $1.7 billion into its second seventh-generation liquid crystal display (LCD) plant located in Tangjeong, southeast of Seoul.
Samsung Electronics already invested over $2.3 billion in the first phase of the line earlier this year. Since then, Samsung has completed the initial phase of the expansion project, and began installing production equipment in August. The second line is slated to begin operating April 2006.
Samsung is building the dual LCD lines as part of a joint venture with Sony Corp. called S-LCD Corp.
The 7G LCD line processes glass substrates up to 1,870 mm x 2,200 mm in size. Line 7-1 has the capacity to process 60,000 substrates a month, and Line 7-2 can produce 90,000 substrates monthly. With a combined capacity of 150,000 glass substrates per month, Samsung believes it can establish a market-leading position in 40- and 46-inch size LCD TV panels.
But Samsung's key rival, South Korean-based LG.Philips LCD, is not standing pat.
Earlier today, LG.Philips LCD said it would invest $535 million to build a back-end LCD assembly plant
in the southern Poland city of Wroclaw, to help serve increase the company’s presence in Europe. The plant is slated to begin operating the first half of 2007.