LG Display Invests $657 Million into OLED Production

Posted by at 4:37 pm on February 18, 2013

LG Display is planning to boost its organic light emitting diode (OLED) efforts with a 706 billion won ($657 million) investment. The boost of cash will go towards an eighth-generation OLED TV panel manufacturing line at its P9 plant in Paju, South Korea, expanding its current manufacturing processes by a considerable amount.

The investment will focus on WRGB OLED evaporation processes in the first quarter, with mass production expected to take place in the first half of 2014, with a maximum production capacity of 26,000 input sheets per month. After launching its first 55-inch OLED TV, Engadget suggests that the new manufacturing line is likely to become a core component in the construction of its successor in the future.

The new production line funding follows recent news that Apple hired a former senior researcher at LG Display. Dr Jueng-jil Lee was involved in LG’s efforts to create a printed AMOLED TV, and previous to that he worked on polymer-based OLED materials. T

 

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