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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

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.

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