LG warms up to OLED, gears up to sink some cash into it
Not like LG had any choice but to get savvy with OLED, but either way, it's good to hear that it's making the investment willingly. According to CEO Kwon Young-soo, LG is planning to use some of its "abundant cash" (must be nice, right?) to "increase capital spending for the active-matrix organic light-emitting diodes (AMOLED) business." He refused to dole out a proper figure at the time, noting that the company was "still watching the market to seek a proper time to implement decisive action." As for logistics, it's highly likely that a little tag-team work with Samsung SDI will take place, while it's also probable that we'll see its 3.5G AMOLED line relocated to its facilities in "Paju, Gyeonggi Province, following the relocation of the two-generation production line in Gumi." So, LG -- now that we know you're all gung ho, might we see that 32-inch OLED TVbefore 2011?
