Nov 29, 2015
LG pumps $8.7bn into OLED for your car, TV and wrist
Posted by Shailesh Prasad in categories: electronics, energy, transportation
LG really, really wants your next TV, smartwatch, and car to use an OLED panel and, preferably, one that’s come off its new $8.71bn production line. The company’s panel arm, LG Display, has announced a whopping 1.84 trillion South Korean Won investment into a brand new facility dubbed P10, which will cater for what LG predicts will be blockbuster demand for OLED in a range of sizes.
That $8.71bn is only the tip of the iceberg, mind, and the plant — to be constructed in Paju, Gyeonggi Province, Korea — is expected to eventually cost more than five times that amount.
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