LG Display to spend $8.7 billion in new OLED plant

LG Display plans to build a large plant to make OLED panels for TVs and flexible OLED panels for smart devices

LG Display has announced plans to invest over $8.7 billion to build new OLED plant

South Korea’s LG Display said it will invest more than 10 trillion won ($8.71 billion) to build a large plant to make panels using organic light-emitting diode (OLED) panels, raising its big bet on the ultra-clear display technology.

The company said it will spend an initial 1.84 trillion won to begin building the plant, called P10, in Paju, South Korea, to make panels across all product segments including large screens for TVs and flexible OLED panels for devices such as smartwatches and auto displays.

Production is expected to begin in the first half of 2018.

Story continues below this ad

Japan’s Nikkei Asian Review reported without identifying sources that LG Display was building a new plant in anticipation of Apple Inc adopting OLED technology for its iPhone in 2018. A spokeswoman for LG Display declined to comment to Reuters on the report.

LG Electronics Inc and its affiliate LG Display are investing heavily on OLED for TVs, and LG Electronics recently slashed the prices of TV sets in the United States using OLED in a push to popularise the technology.

Watch our video reviews

Tags:
LG Display

Loading Taboola...

Trump and Netanyahu at the White House: 20 point peace plan for Gaza

Why Donald Trump’s new Gaza ‘peace plan’ differs from earlier attempts, challenges ahead

Explained17 hr ago

Trump's new plan for peace in Gaza allows Palestinians to stay and rebuild, offers a path to statehood, and is backed by Arab and Muslim leaders. It aims for an immediate end to the war and includes a "board of peace" led by Trump, but its success depends on cooperation from all parties involved.

View all shorts

Live Blog

Top Stories

Truth about stampede will come out soon, says actor Vijay. PTI JSP JSP ROH

In first message since deadly Karur stampede, Vijay says 'truth will come out soon'

Avika Gor Milind Chandwani first wedding photos

Entertainment Balika Vadhu actress Avika Gor marries Milind Chandwani on national TV: See first photos

Although no action was taken on the spot due to the late hour, instructions were later issued to the Madhav Nagar police to initiate legal proceedings against the man (Image source: @tyagivinit/X)

India Women vs Sri Lanka Women Live: India start their World Cup campaign in Colombo against the co-hosts.

Sports India-W vs Sri Lanka-W Live Cricket Score, ICC Women's World Cup 2025: IND to bat first as SL win toss

Opinion By treating cricket as war, India and Pakistan do the game a disservice