LG Display Investing One Billion Dollars in OLED Flexible Panels
According to an announcement made by LG Display earlier today, the company is investing $0.91 billion which is KRW 1.05 trillion in the 6th gen flexible OLED display lineup.
The OLED technology is for sure the future of mobile displays and the way it is progressing there is no stopping. LG plans on manufacturing four times more the amount that it is producing now in the future which makes around 200 5.5-inch panel.
The Gumi Plant in Gyeongbuk Province in Korea is the one that will be receiving all the investment which will reportedly use 1,500mm x 1,850mm substrate sheets to produce 7,500 input sheets per month. The 6th gen flexible OLED display lineup will enter the production phase in the first quarter of 2017.
The flexible OLED displays have finally entered the mainstream phones in the market. Some smartphones that use the technology include LG G4, G Flex 2 and Samsung Galaxy S6 Edge (AMOLED technology). Samsung faced supply issues so we believe that LG is playing it smart and doesn’t want to disappoint users.
The new lineup initiated by LG targets mobile, television and automotive markets. The Flexible OLED is expected to have an increase in the shipment and the sales will also increase from $3.5 billion (2015) to $4.8 billion (2021).
OLED is the key component that LG is determined to move forward with. This isn’t the end and we believe that now we will get to see more variety in curved mobile phones. Sure this isn’t the newest technology in town but it is definitely defining landmarks.