LG considering new 10G OLED production facilities

LG Display will spend US$8.5 billion on developing OLED dispplay technology throughout 2018, with investments possibly allocated to construction of a new 10G fab for large-size OLED TV panel production, according to a report from Korea-based D-Daily.

Following developments from China-based BOE, which recently decided to invest in 10.5G facilities, in addition to recent rumors stating Samsung Display will likely construct new 10G facilities to compete with Sharp and BOE, LG will likely join the competition with new 10G technology geared toward cutting OLED TV panels sized 60-inch and above.

The move would give LG a diversified edge in the large-size, higher-end TV market, the repot said. Recent media reports from Korea added LG is expected to increase yields for Ultra HD (4K) OLED TV panels to around 80% by the end of 2015 and further into 2016.

LG may however expand capacity and production output at 8G OLED facilities as the company is still under discussion for its market strategy over the next few years. Pursuing new 10G facilities could push total investments over the next three years above the US$8.5 billion mark, the report added.