LG

The Great OLED Gold Rush – LG Display pours $400 million in flexible screen production lines


OLED seems to be the new piping-hot buzzword in the display industry. With OLED panels' production prices falling below those of LCD ones, and with Apple eager to make a switch to OLED for its 2017 iPhone, it's no wonder that everyone with a display production line is pouring money in its abilities to make more and more of the organic light emitting diode stuff.

After building its fourth OLED factory in Gumi (southeast of Seoul) last year, LG Display has taken another plunge, lining up a $395.99 million-thick wad of cash to boost flexible OLED display output and build a production line dedicated to OLED lighting panels. In addition to securing its presence in the expanding OLED mobile display market, LG is also pushing WRGB OLED TV sets, having backed up its ambition with a similar investment in OLED production lines for televisions.

With 9 facilities spread between South Korea, China, and Poland, LG Display is among the company's largest businesses, employing 49,000 people in its headquarters alone. Its recent quarterly report showcased a 99% year-on-year profit decline, with "heavy investments by Chinese LCD makers" and "weak technology demand" cited as reasons for under-performing. For the second quarter, LG forecasts a mid-single digit percentage increase as global sports events will drive sales, in addition to an increase in new product shipments.

source: Reuters , Financial Times

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15 Comments

2. shield

Posts: 852; Member since: Sep 12, 2015

A further series of LG OLED maybe they will have a place IPS Maybe we will see the G Flex 3 from LG.

3. ibend

Posts: 6747; Member since: Sep 30, 2014

yeah right.. they invest because of apple switching iPhone screen to OLED.. apple is the center of universe afterall /s

4. Jimrod

Posts: 1605; Member since: Sep 22, 2014

Dude, every comment about Apple... Name about Apple. Did you date Apple as a kid and get dumped? Now gone full bunny-boiling stalker on them? You like to be seen as against Apple but you can be honest, it's love really isn't it? Go on, let your true feelings out. Xx

5. Ordinary

Posts: 2454; Member since: Apr 23, 2015

Did you read the article?

6. Jimrod

Posts: 1605; Member since: Sep 22, 2014

I wasn't responding to the article, I was responding to someone who allegedly hates Apple yet can't resist commenting on them at every opportunity.

11. Ordinary

Posts: 2454; Member since: Apr 23, 2015

Read the article and you will understand why the sarcasm was applied.

14. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Dude, what's with you and getting immensely butthurt over any comment not praising your divine apple? Did they raise you specially in their iSheep barn? You deeply addicted to s**king their d!ck? It's the addiction isn't it? That'll be the rational explanation for your attitude...feel free to book an appointment with your local therapist, don't worry, they don't bite.

15. Jimrod

Posts: 1605; Member since: Sep 22, 2014

There you go again, not letting facts get in the way of your fanboy, second time today after your Google link to "scratched iPhone home buttons" that didn't show scratched iPhone home buttons since touch ID came in a few years ago... I rarely praise Apple, I've been slagging them off more often than not lately over the iPhone 7 leaks, if true. I do use an iPhone and correct people when they make things up (all the time on this site).

16. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Right, so now you call your butthurt "facts"...sure, if you think it makes it any more credible. Don't need you praising apple to see your attitude, all your immense cryout at any criticism against them is more than enough. As for that scratched iPhone button, so you mean to say all the following complaints from iPhone 5s/6 users are fake just 'cause there are no pictures? You apple fanatics never fail to amaze with your iGnorance: https://discussions.apple.com/thread/6874413?start=0&tstart=0 http://forums.imore.com/iphone-5s/294194-iphone-5s-touch-id-light-scratches.html But sure, dismiss it all as "fanboy" talk...won't be your first time.

7. sissy246

Posts: 7124; Member since: Mar 04, 2015

Well after apple is copping Samsung so it looks to they are both copping the best in the universe lol

8. jessyi

Posts: 327; Member since: Jan 08, 2015

G6 with LG oled;which LG oled are the best TVs on the planet.

9. Romantico3pe

Posts: 179; Member since: Sep 14, 2015

Oled sucks, cant even use ypur phone 6 hours straight with out burn in

10. JMartin22

Posts: 2372; Member since: Apr 30, 2013

Burn in is a very real issue, but your claim is really exaggerated.

12. Hellouser

Posts: 39; Member since: Feb 05, 2015

lol why would you stare at the same image for 6 hours

13. Plutonium239

Posts: 1232; Member since: Mar 17, 2015

I have never seen burn in on an OLED display.

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