Latest in Gear

Image credit: Engadget

LG's display arm invests billions to take OLED mainstream

LG wants to meet tech manufacturers' growing demand for its OLED products.
749 Shares
Share
Tweet
Share
Save

Sponsored Links

Engadget

LG's much-coveted OLED screens are set to become more attainable to the average Joe. The South Korean company has announced plans to invest a further 7.8 trillion Korean won ($7 billion) into production over the next three years in a bid to meet rising demand from smartphone and TV manufacturers.

Around $2.5 billion will be spent on developing a new line of larger OLED screens, while $4.5 billion has been earmarked for a separate line of flexible OLEDs. Both production lines will be located in Paju, northwest of Seoul, furthering the company's commitment to beef up domestic production facilities by 2019. Taking into account ongoing investment, this move bumps LG's total OLED venture to 15 trillion Korean Won ($13.5 billion).

"We're clearly seeing the possibilities the OLED business offers, not only in the global TV segment, but also in the smartphone and automotive markets," said Dr. Sang-Beom Han, CEO and Vice Chairman of LG Display. "We plan to actively respond to customers' demands by expanding OLED capacity in a timely manner and developing diversified flexible displays that are fit for various applications."

In this article: av, gear, lg, OLED, smartphones, TV
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
749 Shares
Share
Tweet
Share
Save

Popular on Engadget

Tesla's relaunched solar power efforts include $50 panel rentals

Tesla's relaunched solar power efforts include $50 panel rentals

View
After Math: Plead the fifth

After Math: Plead the fifth

View
The best smart home sensors for Alexa

The best smart home sensors for Alexa

View
Runkeeper drops its Wear OS app due to a 'buggy experience'

Runkeeper drops its Wear OS app due to a 'buggy experience'

View
Drako's GTE electric supercar will be a four-motor, 1,200HP monster

Drako's GTE electric supercar will be a four-motor, 1,200HP monster

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr