LG Display Invests US$655 Million in New OLED Production Line

LG Display Invests US$655 Million in New OLED Production Line

With its OLED patent disputes with Samsung now out of the way, LG is making big moves to try to gain an edge over its fierce rival. LG Display has announced that it will invest 706 billion South Korean won (about US$655 million) in a new production line to mass produce thinner and more efficient displays. More specifically, this new line will manufacture OLED (organic light-emitting diode) panels, the heir apparent to LCD.

The new line will be installed at LG Display’s P9 Paju plant, which is in a city north of Seoul in South Korea. According to a spokesperson, this 8th-generation fabrication line is capable of making a mother glass big enough for six 55-inch OLED screens. Expectedly, LG’s WRGB OLED evaporation process will be used.

Mass production is scheduled to begin in the first half of 2014; monthly capacity is pegged at 26,000 input sheets.

As we’ve reported last week, LG will start to deliver its 55-inch OLED TV (55EM9700) pre-orders this week in Korea. This also makes the company the first to ship a 55-inch OLED TV in the world.

Source: Engadget, Korea JoongAng Daily.