Reports say SDC decided to convert its L7 LCD fab to flexible OLED production in a $2.5 billion investment
According to Business Korea, Samsung Display's new chief has quickly started to change the direction of the company, to focus on flexible OLEDs and dispose of some of the loss-making LCD business.
The post says that Samsung decided to sell at least some of its L7 LCD lines at the Tangjeong plant in Asan, and convert these lines to flexible OLED lines. Samsung will invest $2.56 billion by the end of 2017 on the new flexible OLED lines.