LG and Samsung ramp up production of flexible OLED displays

Samsung and LG are the main manufacturers of LCD displays on the market, but it seems this market is slowly shrinking and they must turn to another solid source of income as soon as possible. Fortunately, both companies have their backs covered, as the only display technology that grows right now is OLED. 

According to an article by The Korea Herald that quotes market research firm IHS, "the global flat panel display industry, jolted by an oversupply of LCD panels, is forecast to see a 2 percent decline in sales from $131.4 billion in 2014 to $129 billion this year." The same source reveals that AMOLED display revenues should reach $11.8 billion by the end of this year, a solid increase of 36 percent from 2014.

While Samsung has plans to increase flexible OLED production from 39,000 units a month now to 63,000 units by first quarter of 2016, LG decided to invest in the Gumi plant in North Gyeongsang Province to manufacture 7,500 flexible OLED panels a month starting in 2017. In the future, this investment could help LG open up new markets for foldable displays, a technology that is still in the prototype stage.