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LG investing nearly 10 billion Euros in OLED manufacturing

LG investing nearly 10 billion Euros in OLED manufacturing
LG investing nearly 10 billion Euros in OLED manufacturing
LG has announced a series of massive investments in flexible OLED factories for full-scale production beginning in 2018.

The South Korean manufacturer has settled on concrete plans for building mega-factories specializing in the production of OLEDs and future flexible displays. The equivalent of approximately 1.5 billion Euros will be spent on a new factory in the city of Paju in the Gyeonggi-do province.

Another 8.2 billion Euros will be spent on the newly constructed P10 plant, which is scheduled for operation in the first half of 2018. The P10 factory is about 1.5 times larger than the P9 plant and reaches over 100 meters in height. Chief executive of LG Display Han Sang-beom made the announcement during a press conference in South Korea.

LG will start the new year with a ceremony for the new P10 production facility. The manufacturer is hoping to become the leading company in the production of both extra-large OLED panels and flexible OLED products with transparent displays. The factory will also create up to 350,000 new jobs.

As reported earlier, Apple may be switching over to OLED panels for its iPhones starting 2018, which lines up very well with the current P10 schedule. Eventually, larger displays such as those for TV sets may switch to OLED panels once they become more affordable. Wearables like the Apple Watch are already carrying OLED screens. Both Samsung and LG had previously announced multi-billion Dollar investments into OLED R&D.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2015 11 > LG investing nearly 10 billion Euros in OLED manufacturing
Ronald Tiefenthäler/ Allen Ngo, 2015-11-27 (Update: 2015-11-27)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.