Your browser is not Javascript enable or you have turn it off. We recommend you to activate for better security reasonLG plans to invest $8.5 billion in OLED by 2018 - FlatpanelsHD

LG plans to invest $8.5 billion in OLED by 2018

17 Aug 2015 | Rasmus Larsen |

LG had already planned to invest significant sums in OLED in the next few years but the company is doubling down on the next-generation display technology. Approximately $8.5 billion USD will be invested in OLED by 2018, LG announced today.

TVs, wearables & other products

LG sees not long-term future for LCD and in a plan to compete with Samsung, Japanese, and Chinese companies, the display maker will focus on OLED. The next-generation technology can be used for displays that are paper-thin and flexible, which LG believes will be a game-changer.

- "We never underestimate the rise of Chinese rivals. They are scary as they receive huge support from their government. But we still have competitiveness," said Han Sang-beom, the head of LG Display.

At a press conference today, LG announced that its display division, LG Display, will invest 10 trillion won (approximately $8.5 billion USD) in OLED displays by 2018. That is a large increase over LG’s previous commitment. The company intends to use OLED for premium TVs, wearables such as watches as well as signage and automotive use cases.

LG flexible OLED


LG recently confirmed that its new larger plant for flexible OLED will be up and running by 2017.
LG recently launched new 4K OLED TVs and more affordable OLED TVs will be launches next month at IFA. LG’s OLED panels are also used in other existing products such as the Apple Watch.

- Source: LG via Yonhap



Latest news

Xiaomi OLED TV

Xiaomi unveils its first OLED TV - HDMI 2.1, VRR, 9 speakers

07 Jul 2020 | Rasmus Larsen |
Sony X900H HDMI 2.1

Sony launches X900H (XH90), its first 4K TVs with HDMI 2.1

03 Jul 2020 | Rasmus Larsen |
4K HDR movies

'Indiana Jones', 300, Hitchcock, 'V for Vendetta', more coming to UHD Blu-ray

02 Jul 2020 | Rasmus Larsen |
Samsung Blu-ray bootloop

Samsung Blu-ray 'bootloop' issue more widespread than first thought

02 Jul 2020 | Rasmus Larsen |
Vizio OLED TV

Vizio's OLED TVs with HDMI 2.1 to launch this fall, starting at $1300

01 Jul 2020 | Rasmus Larsen |
Vizio 2020 LCD

Vizio launches 2020/2021 4K LCD TVs with FALD, HDMI 2.1

01 Jul 2020 | Rasmus Larsen |
Samsung VR dead

When Samsung axes its VR store, your content vanishes into cyberspace

30 Jun 2020 | Rasmus Larsen |
Apple TV app LG TV

Apple TV app now supports Dolby Atmos on LG TVs

30 Jun 2020 | Rasmus Larsen |