LG investing $7 billion in OLED production
- Author:Ella Cai
- Release on:2017-07-25
LG says it is putting $7 billion into OLED production plants.
LG is putting $870 million into its jv plant in Guangzhou, China to make OLEDs in a foreign factory for the first time.
The Guangzhou plant currently makes LCD panels and the intention is to use it to make 65 inch and bigger OLED panels.
It is thought that manufacturing costs are less in Guangzhou than at LG’s latest plant in Paju in Korea. Guangzhou also attracts China government subsidies.
LG’s Q2 operating profit was $721 million.
LG is putting $870 million into its jv plant in Guangzhou, China to make OLEDs in a foreign factory for the first time.
The Guangzhou plant currently makes LCD panels and the intention is to use it to make 65 inch and bigger OLED panels.
It is thought that manufacturing costs are less in Guangzhou than at LG’s latest plant in Paju in Korea. Guangzhou also attracts China government subsidies.
LG’s Q2 operating profit was $721 million.
