LG

LG to pour $1.75 billion in "paradigm shifting" OLED displays production



Amidst a slump which saw profits shrink by 91% in the past quarter, LG Display announced its plans to double down on flexible OLED panel production. The company is aiming to invest $1.75 billion in its flexible OLED production lines, preparing to meet growing demand from the smartphone market.

OLED screens have become an increasingly popular choice for TV and smartphone screens with their falling costs and performance advantages. But it's flexible OLED screens which will spark much needed innovation in design and functionality. LG Display CEO, Dr. Sang-Beom Han, describes the transition as a "paradigm shift" that's both "a challenge and an opportunity", adding that the company is "determined to become the leader" in the OLED display market.

Both LG and Samsung have been pouring significant capital into OLED (both flexible and none) display production lines, both for their own pursuits as well as to supply big-profile clients like Apple with screens for upcoming devices. The 2017 iPhone is widely reported to make the switch from LCD to OLED – flexible, or not – along with the introduction of a newly refined design. At this point, Samsung and LG are clearly investing in opportunity, and if smartphone sales return to growth, it's a sure bet that their moves will pay off!

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12 Comments

1. Barney_stinson

Posts: 672; Member since: May 30, 2016

Rise LG rise! Rise to win

2. peacetoallfellas

Posts: 76; Member since: Jul 15, 2016

RISE LG RISE DEFEAT THE SAMSUNG

3. ebilcake

Posts: 1227; Member since: Jul 16, 2016

Too little too late, it will take them years to match the same quality as Samsung. They should stick to TV's, at least their patents protect them from competition there.

5. chenski

Posts: 762; Member since: Mar 22, 2015

Comparing the flagships of the two companies, I'd say their pretty much on par with each other

6. ibend

Posts: 6747; Member since: Sep 30, 2014

LGs flagship use LCD (with terrible backlight leak), not OLED.. they didnt use OLED for their flagship because they arent confident enough about their OLED quality

7. ebilcake

Posts: 1227; Member since: Jul 16, 2016

LG flagship phones don't use OLED displays so I'm confused by your response. Last time they did was the LG Flex? It had issues.

4. shield

Posts: 834; Member since: Sep 12, 2015

LG V20/11 Oled display pls.

9. PHYCLOPSH

Posts: 652; Member since: Jun 28, 2014

Please nOled display for V20/11. IPS display longevity/ accuracy ftw. Give it a large capacity battery instead.

8. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

"The 2017 iPhone is widely reported to make the switch from LCD to OLED..." ...despite what the bean-counter leading the pack of hypocrites said ( http://cnet.co/1L6mVod ).

11. Nopers unregistered

That's old news and times change.

12. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Times changing is no excuse for hypocrisy.

10. Romantico3pe

Posts: 179; Member since: Sep 14, 2015

Oled sucks burn in, low life span oled is trash

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