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LG Display will invest 3.3 trillion won to expand its production capacity of small and medium-sized OLED panels before March 2024.

2021-08-17

LG Display will invest 3.3 trillion won to expand its small and medium-sized OLED panel production capacity before March 2024.

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Original title: LG Display will invest 3.3 trillion won to expand its small and medium-sized OLED panel production capacity before March 2024.

【TechWeb】August 17, news, according to foreign media reports, LG Display, which has a significant advantage in large-size OLED panels and has made progress in small and medium-sized OLEDs, and is already supplying panels to Apple iPhones, will invest heavily in the next three years to expand its production capacity of small and medium-sized OLED panels.

According to foreign media reports, LG Display announced on Tuesday that it will invest in expanding its production capacity of small and medium-sized OLED panels.

Specifically, LG Display plans to invest 3.3 trillion won, or about US$2.8 billion, by March 2024 to increase its production capacity of small and medium-sized OLED panels.

LG Display's planned investment of 3.3 trillion won will expand its capacity at its Paju plant in South Korea. Industry observers predict that after the investment is completed, the monthly production capacity of small and medium-sized OLED panels at this plant will reach 60,000 substrates.

LG Display is currently a major global supplier of small and medium-sized OLED panels, but there is still a significant gap with Samsung Display in terms of scale in small and medium-sized panels. Data from market research institutions show that in the first quarter of this year, Samsung Display's market share in the small and medium-sized OLED panel market was as high as 73.7%, while LG Display was 10.6%.

Keywords: LG Display OLED panels

LG Display will invest 3.3 trillion won to expand its production capacity of small and medium-sized OLED panels before March 2024.

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