LG Display it is planning to invest between 1.5 – 2 Trillion Won (about $1.4bn-$1.85bn) in a new (10.5 generation) OLED production line at the town of Paju in South Korea.
The Korea Times quotes an unnamed official who says the overall investment could reach 6 Trillion Won dependent on market demand. The official says the investment is taking place sooner than initially planned, and that a statement would be made to the Korean stock exchange once the scheme is approved by management.
The new production line will enable even larger panels to emerge, between 80”-100” and potentially even larger, depending on how LG decides to market capacity. The newspaper says that LG Display’s new production line would be capable of 45,000 glass sheets per month, up 50 per cent on current output.
As well as selling OLED panels to its own retail division, LG Display supply panels to Sony, Philips, Panasonic and several Chinese clients, as well as Apple’s top-tier phones and displays.