LG invests 655 millon in OLED plant
LG invests $655 million in OLED-TV plant

18 Feb 2013 | Rasmus Larsen |

LG’s 55-inch OLED-TV will be released in South Korea in a few days – but the price remains high. Now, LG will invest $655 million USD in a new mass production facility to bring down prices. It is a so-called 8. generation plant, confirms LG.

LG invests $655 million in OLED-TV plant

LG has announced that they will build a new OLED-TV factory in South Korea. The project is a so-called 8G (eighth generation) plant that can produce 26,000 substrates per month; each of which can be cut into six 55” OLED-TV panels. That puts monthly production at around 156,000 OLED-TVs (if the yield rate is 100 %) but production will increase over time.

Most LCD panels are also produced at 8 or 8.5G plants today.

LG 55EM9600
LG’s 55-inch OLED-TV is available in a few days in South Korea but LG has grander plans for 2014


Construction of the OLED plant will be initiated sometime in Q1 2013 and is expected to be completed in the first half of 2014. LG.Display will invest 706 billion Korean Won - or around $655 million USD.

LG and Samsung are racing to get a head start in OLED technology and production as OLED is considered the next big step for the display industry. LG was first to market with an OLED-TV and so far 100 Koreans have pre-ordered the crazy-expensive $10,000 OLED-TV.

When LG’s 8G OLED plant gets into full swing production costs should fall drastically, so we expect that LG will be able to release more moderately priced OLED-TVs starting next year.

- Source: LG.Display



Share on:


Latest news

Samsung Q80R

Samsung reveals pricing for 2019 Q90R, Q80R & Q70R 4K LCD TVs

18 Mar 2019 | Rasmus Larsen |
LG 2019 OLED

LG reveals pricing for 2019 C9, E9 & W9 OLED TVs - C9 starting at $2500

18 Mar 2019 | Rasmus Larsen |
Rakuten TV

Rakuten TV expands to 28 new countries - offers 4K HDR movies

18 Mar 2019 | Rasmus Larsen |
Steam Link

Valve's Steam Link now lets you stream PC games from anywhere

18 Mar 2019 | Rasmus Larsen |
Wireless Display Xbox One

Microsoft's 'Wireless Display' app lets you stream PC games to Xbox One

18 Mar 2019 | Rasmus Larsen |
Microsoft xCloud

Microsoft previews xCloud game streaming service

14 Mar 2019 | Rasmus Larsen |
Gemini Man

Ang Lee's 'Gemini Man' to be screened in up to 120fps HFR

13 Mar 2019 | Rasmus Larsen |
PlayStation Now

PlayStation Now launches in seven additional countries

13 Mar 2019 | Rasmus Larsen |