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LG Display to Step Up OLED Production

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Apr 29, 2016, 7:29 AM   by Eric M. Zeman   @phonescooper

LG Display plans to invest $396 million to improve its ability to manufacture flexible OLED displays and OLED lighting panels. The company will sink about $272 million into an existing facility in order to boost production capacity, and about $123 million to build a new production line dedicated to OLED lighting. Last year, the company committed close to $1 billion to build a new OLED factory. LG uses flexible OLED displays in some of its smartphones and wearable devices. The G5, LG's latest flagship handset, uses an LCD panel rather than OLED.

more info at Reuters »

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