LG will invest 3 trillion won (US$2.6 billion) in a new OLED facility in South Korea

28 Юли 2019, 04:42:13

LG will invest 3 trillion won (US$2.6 billion) in a new OLED facility in South KoreaLG will invest 3 trillion won (US$2.6 billion) in an 10.5G OLED facility in South Korea as it needs to expand production for its premium displays. The goal is to reach a monthly capacity to 45,000 panels sized over 65 inches by the first half of 2023. LG has already spent 4.6 trillion won in the OLED factory in Paju since 2015. The company has clearly outlined its goal to make a complete transtion to OLEDs from LCDs.

OLED displays have been largely supplied for premium TVs and smartphones (not only LG ones) and our quite profitable. At the same time, demand for LCD plummets. LG shipped 2.9 million units of large OLED panels last year, which accounted for over 20% of its total sales. For this year, LG expects large OLED panels shipments to account for more than 30% of its total sales. Market researcher IHS Markit predicted the proportion of OLED TVs will rise from 5.7 percent of the total market in 2018 to 10.4 percent in 2023.Източник

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