“Samsung Display is currently negotiating with India-based Twinstar Display to hand over the LCD manufacturing equipment at the L7 line to Twinstar Display,” reported online news outlet iNews 24 citing an anonymous source.
Samsung Display's manufacturing complex in Asan, South Chungcheong Province
“The potential deal will likely involve Samsung’s technical support for the Indian company as the latter is a second-tier player in the global display sector,” the source was quoted as saying.
The sale of Samsung Display‘s manufacturing line is in line with the firm’s efforts to put more weight on the organic light-emitting diode, which is expected to see an increasing demand down the road.
The display business arm of Samsung Electronics is said to have been inundated with supply requests from more global smartphone-makers, including Apple, Xiaomi and Huawei.
After selling the L7 line, the Korean display maker will likely make investment in beefing up production capability of OLED at the A4 production line.
By Kim Young-won (firstname.lastname@example.org)