The Samsung Group opened the Samsung Electronics Material Research Institute on November 5 in Suwon City, Gyeonggi Province, in an attempt to shore up its competitiveness in the materials industry.
The research center was established through a joint investment by Samsung Electronics, Samsung SDI, Cheil Industries, Samsung Fine Chemicals, and Samsung Corning Precision Materials. The 420,000m2-wide facilities are housed in the Suwon plant of Samsung Electronics.
The institute’s purpose is, unlike the other research labs of Samsung, in-depth research of various materials, examples of which include the DMC Research Center for finished goods, the R5 Research Center for mobile technology, and the Semiconductor Research & Development Center. Approximately 3,000 researchers from four out of the five companies – excluding Samsung Corning Precision Materials, which is scheduled to be sold to Corning – will work there.
The Samsung Electronics Materials Research Institute is expected to spearhead its intensive efforts in the materials industry. The Samsung Group is striving to sharpen its competitive edge in the sector to the same level as those of the TV and mobile phone business units.
In this same context, Cheil Industries has recently taken over Novaled, a German company which owns advanced OLED technology, and Samsung Display is planning to be the largest shareholder of Corning.