Samsung should re-invest in the LED industry

Southern News reporter Wang Haiyan Samsung Group announced yesterday that it will invest 23.3 trillion won in environmental protection energy and medical health by 2020, which is about 140.732 billion yuan. At the same time, it also announced that Samsung Group's key future business will include five major industries covering environmental energy and medical health, namely solar cells, automotive batteries, LEDs, biopharmaceuticals, and medical devices. It is planned to employ 45,000 people in these five industries by 2020 and achieve sales of 50 trillion won.

According to Samsung, the solar cell industry will start with the crystalline system (the thinsili-con) and develop the thin film system (thinfilm) in the future. By 2020, it plans to invest a total of 6 trillion won, achieve sales of 10 trillion won, and employ 10,000 people. The vehicle battery industry plans to invest 5.4 trillion won in 2020, achieve sales of 10.2 trillion won, and employ 7,600 people.

Another key investment by Samsung is in the LED industry, which will expand from display backlights to lighting and illuminating electronic components. S-LED (Samsung LED) plans to achieve a cumulative investment of 8.6 trillion won by 2020, sales of 17.8 trillion won, and employs 17,000 people. Samsung is the first company to deploy LED TVs in LE D. In the Chinese market, its LED TV sales account for about 10% of its flat-panel sales.

President Li Jianxi of Samsung Group said: "At present, governments around the world are investing in green industries to solve the problem of energy depletion and environmental degradation, while improving the lives and health of human beings is also the mission of the company."

According to Samsung, in 2009, Samsung Electronics achieved a record sales of US$117 billion worldwide, and in China it has reached US$31.7 billion, accounting for more than 25%.

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