LG Display to Spend US $908 M on New OLED Plant

LG Display announced on Thursday it will be investing 1.05 trillion won (US $908 million) to construct a new OLED display plant, reporte Reuters.

In the company’s regulatory filing, the project will start sometime in third quarter and will be completed by the second quarter of 2017. Estimated monthly production capacity after finishing the production expansion, will be about double that of LG display’s existing production lines.

LG display has been actively expanding its OLED production capacity over the past year, as it targets clients, such as Apple and sister firm LG Electronics growing demand for OLED screens in smartphones and smartwatches.

The only firms in the industry with the capacity to mass produce OLED screens are Samsung Display and LG Display, which both plan to make more flexible and less power consuming OLED screens.

According to analysts, LG Displays has been ramping up OLED production capacity to keep a competitive edge over Chinese rivals.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE