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LG Display to put €1.8bn into OLED
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Advanced Television
LG Display is tapping into South Korea’s National Growth Fund for 1.5 Trillion Won (€0.9bn) which it will double with its internal resources.
The 3 Trillion Won will go into next-generation organic light-emitting diode (OLED) technologies and production infrastructure as LG seeks to strengthen its technological leadership in the premium display market.
LG Display identified tandem OLED and low-temperature polycrystalline oxide (LTPO) OLED technologies as key areas of focus.
LG Display said it intends to maintain its technological lead over Chinese competitors, particularly in the high-end segment.
As Chinese manufacturers continue expanding supplies of lower-cost OLED panels, LG Display aims to strengthen product and manufacturing technologies that are difficult for competitors to replicate.