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

HDMI 2.1 bug

First HDMI 2.1 receivers reportedly have faulty HDMI 2.1 chip

26 Oct 2020 | Rasmus Larsen |
Apple TV app

Apple TV+ & iTunes movie library coming to PS5, PS4

22 Oct 2020 | Rasmus Larsen |
Samsung TV Plus

Samsung TV Plus gets UI refresh, coming to more EU countries in 2021

22 Oct 2020 | Rasmus Larsen |
Disney LG partnership

Disney will be equipping more of its film studios with LG OLED displays

21 Oct 2020 | Rasmus Larsen |
Quibi AirPlay

Struggling streaming service Quibi launches TV apps

21 Oct 2020 | Rasmus Larsen |
Oppo R1 TV

Oppo's first 4K TVs feature 8K support, 1-second boot time

20 Oct 2020 | Rasmus Larsen |

Samsung reports progress in QLED technology

20 Oct 2020 | Rasmus Larsen |
LG Rollable OLED

LG says that the launch of rollable OLED "marks a turning point in TV history"

20 Oct 2020 | Rasmus Larsen |