LG OLED future display technology continues its investments

LG OLED future display technology continues its investments (image 1)

LG OLED future display technology continues its investments

South Korean manufacturer is investing a huge budget for the production of flexible LED display.

Recently, many manufacturers turn to mobile devices LED screen, LED panel in the production of the leading manufacturers, Samsung and LG's allows you to execute new investments.

LED display giant LG announced that it would make a press release with a production budget investment. Situated in Pau, South Korea, LG display Flexible LED display factory with an investment of 1.75 billion for the production to be performed will be provided.

The OLED market is growing

IHS display search, the report published by the level of flexible LED screen sales today 59 million units in 2020 at the age of, the market size will rise to 416 million.

LG OLED future display technology continues its investments (image 2)

IPhone models to be introduced next year or in 2018 is expected to be made the transition to LED screen. for iPhones, Samsung'sscreen is expected to be the number one supplier, while LG display will supply Apple LED also estimated.

Shifting investmentsto the production of LED display LGLCD from last term, are not in a position to compete with Samsung in the mobile market. OLED Samsung mobile 95% of the market in the hands of paying attention, while we see if LG's far morefocused on the TV market.

LG's paju factory will give the fruit of investments that will perform in the second half of 2018. Once the factory is in operation at full capacity, can produce 15 thousand per month flexible LED display.