LG Display to spend $3.5 billion on new OLED plant, plans to reach 50% of Samsung production
Ambitions for the new plant involve a production capacity of 60,000 sixth-generation OLED screen units per month by 2019. LG Display is also reportedly increasing production of these screens at its two existing manufacturing lines, with the hopes of achieving a combined total of 120,000 units per month before 2020. For comparison, this almost half of the capacity of current market leader Samsung Display.
Rumors floating around Korean media suggest that one of the main reasons for this rapid expansion is because LG Display wants to attract Apple as a client. As you may know, there are some serious speculations that Cupertino plans to make the switch to OLED screens for future iPhones. As Samsung is currently the only manufacturer that can cope with the huge demand from Apple, the tech behemoths allegedly signed a two-year deal for the production and supply of $9 billion worth of OLED display sheets. Furthermore, LG itself is planning to use these screens for its new phones, with the upcoming V30 likely being the first LG handset to rock a current-gen OLED panel.
via The Investor
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