The South Korean electronics and technology giant Samsung Electronics Co Ltd is expected to make a high-value reinvestment announcement in Malaysia soon for a light emitting diode plant. This news would probably be announced once South Korean president Lee Myung-Bak visits Malaysia capitol Kuala Lumpur this month of Christmas.

“No layoffs are expected, however, from those who were hired in the CRT production,” a source said.

Samsung is no stranger to Malaysia when it comes to foreign investment. The Korean company has a production facility for cathode ray tubes in Negeri Sembilan, a Malaysian state, back in the days when CRT is still widely used. The facility is handled by Samsung Electronics Display (M) Sdn Bhd (SDMA), established in 1995 and is located in the Samsung Electronics Complex in Seremban.

As of now the facility assembles LCD monitors. The company was reported to manufacture Samsung televisions as well as monitors for the domestic and export markets. Samsung is planning on exiting this business and replacing it with the LED facility. But there’s no sure whether it’s just a simple upgrade, or more expansion to come. The investment figure for this new venture is unknown, along with the number of people the company is expected to hire.