June 25, 2008

LG Display Dumping Money Into OLED TV Production

Back in February, LG Display had plans to ramp up a test line for OLED TV panel production in a new plant built exclusively for OLED manufacturing. By late April, LG was confident it would be producing 32-inch OLED panels by 2011. Now the Korea Times is reporting that LG Display will be dumping a good chunk of their 3 trillion Won in expected operating profits this year into their OLED business.

Just days ago Samsung Electronics publicly admitted interested in combining OLED production with Samsung SDI in order to boost its OLED business. Whether or not LG's decision has anything to do with this we're not entirely sure, but LG says it's not related. June 12, LG set up a dedicated department to AM OLED displays in its Gumi, North Gyeongsang Province plant, separated its Mobile Business Division into four dedicated OLED divisions and may be moving its 3.5-generation AMOLED line to Paju, Gyeonggi Province.

Via OLED Tech News