LG Display Injects US $1B in Construction of OLED Display Module Factory in Vietnam

LG Display announced that the company has inked a deal to construct a display module assembly factory in Hai Phong, Vietnam, reported Reuters. LG Display has signed a memorandum of understanding with the city authority of Hai Phong to invest in building the new module facility.

The company will invest US $1.5 billion in the factory and expects the new module assembly plant will contribute to increasing production of OLED display panels back in Korea, reported the Korea Times.

LG Display, supplier of smartphone screens to clients including Apple and LG Electronics, said that the lower human resource costs are the key factor that encouraged the Korean giant to construct the new facility. This is clearly a reasonable move, echoing other electronics firms operating in Vietnam, including Samsung, Microsoft, Intel, Canon, Panasonic and Toshiba, according to Reuters.

The company is currently running module assembly lines domestically in its factories in Paju, Gyeonggi Province, and Gumi, North Gyeongsang Province. Meanwhile, it has several Chinese-based module production lines in Guangzhou, Nanjing and Yantai, reported the Korea Times.

The company is to establish a local subsidiary within the first half of 2016 and start mass production of modules in mid-2017.

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.
Display devices have been used for many years as a means of HMI (Human Machine Interface) to connect humans and machines interactively, and their usage are still expanding. Automotive interiors are no exception to this trend, with an increasing ... READ MORE
About LiDAR Automotive industry trends In recent years, many vehicles have been launched with ADAS (Advanced Driver Assistance Systems) as standard equipment. As the future evolves towards more automated driving, sensing around the vehicle i... READ MORE