LG.Display will be able to produce 110-inch OLED TVs later this year, when a new 8G OLED factory starts production. LG is also able to produce 8K OLED panels and has reached production yields of 70%. Cheaper OLED TVs are expected by mid-2015.
LG pushes forward with OLED plans
LG’s Lim Joo-son of LG’s OLED Technical Strategy Team, commented on their recent advances in OLED technology and production during their earnings report in Korea. LG says that their current WRGB OLED technology can support very, very large panels and much higher resolution.
LG can produce 8K OLED panels today, but admits that the high pixel density comes at expense of lifetime, so they are seeking to develop better OLED materials for these panels.
During the conference call, LG also confirmed that the new 8th generation (8G) M2 OLED factory is still expected to start production in the second half of 2014 as planned. When this factory goes online, LG will be able to produce gigantic 110-inch OLED TV – four times larger than the current 55-inch OLED TVs. LG’s coming 4K OLED TVs will also be produced at this factory.
Lower prices and better yields
Another LG.Display spokesperson says that LG.Display has reached 70% production yield, meaning that 70% of the OLED panels produced can be sold as consumer products. Rumors in the industry suggested that LG has managed to improve yields to these levels some months ago, but many observers remained skeptical. As the LCD market is entered a slower growth phase, LG will also convert existing LCD production line to OLED production lines instead of building new factories.
Samsung is said to have far lower yields at around 40-50% and is also said to have halted production.
Lastly, LG told the market to expect more Chinese OLED TVs soon. LG.Display is supplying the OLED panels for the Chinese OLED TVs, which helps LG ramp up production volume.
LG tells us to be patient as it will still take some time before mid-range OLED TVs will be financially viable, but they expect significant price reductions by the middle of 2015.