Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
TT

Samsung Invests $1.8 Billion More in Vietnam for OLED Manufacturing Plant 

Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)
Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near the city of Chennai, India, September 16, 2024. (Reuters)

South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam to produce OLED displays for automobiles and technology equipment, the Southeast Asian country said on Sunday.

The new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing Samsung electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and the General Director of Samsung Vietnam Choi Joo Ho.

Bac Ninh authorities and Samsung Display on Sunday also signed a memorandum of understanding of the project, local media reported, adding the investment would raise Samsung's total investment in Bac Ninh to $8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies.

According to Choi, Samsung has established six manufacturing plants, one research and development center, and one sales entity in Vietnam, with a cumulative investment of $22.4 billion.



Saudi KAUST Partners with Abdul Latif Jameel Motors, Toyota to Advance Zero-Carbon Fuel Cell Technologies

The collaboration aims to support the Kingdom's decarbonization efforts across the transportation sector and beyond, contributing to the national goal of achieving net-zero greenhouse gas (GHG) emissions by 2060. (SPA)
The collaboration aims to support the Kingdom's decarbonization efforts across the transportation sector and beyond, contributing to the national goal of achieving net-zero greenhouse gas (GHG) emissions by 2060. (SPA)
TT

Saudi KAUST Partners with Abdul Latif Jameel Motors, Toyota to Advance Zero-Carbon Fuel Cell Technologies

The collaboration aims to support the Kingdom's decarbonization efforts across the transportation sector and beyond, contributing to the national goal of achieving net-zero greenhouse gas (GHG) emissions by 2060. (SPA)
The collaboration aims to support the Kingdom's decarbonization efforts across the transportation sector and beyond, contributing to the national goal of achieving net-zero greenhouse gas (GHG) emissions by 2060. (SPA)

Saudi Arabia’s King Abdullah University of Science and Technology (KAUST), Abdul Latif Jameel Motors, and Toyota Motor Corporation (TMC) have embarked on a strategic partnership to advance hydrogen fuel cell research in Saudi Arabia.

The collaboration aims to support the Kingdom's decarbonization efforts across the transportation sector and beyond, contributing to the national goal of achieving net-zero greenhouse gas (GHG) emissions by 2060.

As a centerpiece of this partnership, KAUST has acquired Proton Electrolyte Membrane (PEM) fuel cell modules from TMC, establishing a state-of-the-art laboratory at KAUST under its Clean Energy Research Platform (CERP) dedicated to advancing this cutting-edge technology, reported the Saudi Press Agency on Tuesday.

The facility will be at the forefront of Saudi Arabia's efforts to lead in hydrogen innovation, particularly in tailoring fuel cells to the region's unique environmental conditions.

Professor Mani Sarathy, from KAUST's Physical Science and Engineering Division, said: “At KAUST, we are excited to collaborate with TMC and Abdul Latif Jameel Motors to drive the adoption of hydrogen fuel cell technology in Saudi Arabia, aligning with the Kingdom's Vision 2030 and net-zero goals for 2060.”

“Through our Clean Energy Research Platform (CERP), we are focused on advancing research that will optimize hydrogen fuel cells for the region's specific conditions, ensuring their efficiency and reliability. This partnership demonstrates our commitment to pioneering innovations that support sustainable solutions and contribute to a greener future for Saudi Arabia and beyond,” he said.

Sarathy and his team at CERP are currently leading research efforts to explore the performance, durability, and environmental integration of PEM fuel cells, supported technically and financially by TMC and Abdul Latif Jameel Motors.

The team is conducting a series of modeling and experimental studies to assess factors such as temperature sensitivity, humidity impact, and overall efficiency, with the goal of maximizing the environmental benefits of these fuel cells within the Kingdom's infrastructure.

Saudi Arabia, with its vast renewable energy resources, is well-positioned to produce both green hydrogen and blue hydrogen using Carbon Capture, Utilization, and Storage (CCUS) technology. With this in mind, the Kingdom aims to produce approximately 2.9 million tons of hydrogen by 2030, with competitive costs for both domestic use and export.