South Korean electronics giant LG Display plans to invest $1.75 billion in a new, flexible organic light-emitting diode (OLED) display production line.
As OLEDs continue to be in demand in the smartphone and other mobile devices market, LG believes that investing in OLEDs now will give it a jump on the demand for the technology as it expands into more devices. Research firm IHS Markit says that by 2020, OLEDs will be the dominant display technology in smartphones as a result of Apple’s adoption of the technology in its upcoming new iteration of its iPhone (Read: OLED to Dominate Smartphone Displays by 2020).
In terms of flexible OLEDs, IHS Markit forecasts a rapid rise in shipments in the next few years, reaching 416 million by 2020, up from 59 million in 2016.
The new, flexible OLED production line will be located in Paju, South Korea, in its P9 plant. The new line, which LG is calling the E6 line, is scheduled to start mass production in the second half of 2018 and produce 15,000 input sheets per month. LG already has a 4.5-generation flexible OLED display production line in Paju and is building another new 6th-generation production line in its Gumi facility that was announced in July of 2015.
In November of 2015, LG made plans to invest more than $8 billion for a new P10 plant in Paju to produce mainly OLED displays, including large-size OLED displays and flexible displays. LG says with these new facilities it is laying a foundation for advanced OLED technology for next-generation smartphones.
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