# Samsung invests over €20M in Novaled R&D facility in Dresden

Samsung is investing over €20 million to renovate and expand Novaled GmbH's headquarters in Dresden, Germany, including a new R&D plant with clean rooms and laboratories, adding 6,160 m² of floor space.

- Type: Expansion
- Announced: 2017-01-30
- Where: Dresden, Germany, Germany
- Value: $21.5M (20.0M EUR)
- Status: under construction
- Products: OLED materials, organic electronics
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Novaled](https://endata.com/companies/21788.md)
- [Samsung](https://endata.com/companies/5951.md) (investor)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/samsung-breaks-new-ground-in-dresden-with-new-novaled-fab/), 2017-01-30: "Samsung reportedly purchased the property and is to invest over 20 million euros in the Dresden location, making a clear commitment to further develop Novaled in the region."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.