LG's spending billions to make more OLED things

The idea is to lower prices by upping output.

LG's OLED 4K TVs are jaw-droppingly gorgeous, but the price still isn't anywhere near the level it needs to be for mass consumer adoption. Hopefully the company's new manufacturing plant can help that a bit thanks to economies of scale. A Reuters report says that the South Korean firm is spending some $8.71 billion (around 10 trillion Korean won) on a new manufacturing facility for the display panels in Paju, South Korea. Perhaps this can make up for some of the losses the tech giant suffered by halting production at one of its TV plants due to a gas leak earlier this year.

If you're hoping this means you'll be able to grab an 95-inch UHD display from the company for $1,000 next Black Friday though, you're going to be disappointed: Reuters says that manufacturing for automotive and TV-sized panels at the facility isn't expected to start until early 2018.

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[Image credit: Invision for LG Electronics]