Two reports out of South Korea detail LG's big announcement today that it has invested an additional US$2.5 billion in a 10.5-generation line for organic light-emitting diode panels at its P10 factory in a bid to expand the market presence of large-sized OLED screens as the one they displayed at their announcement shown above.
The world’s biggest OLED panel maker will execute the investment with an aim to increase the monthly production capacity of the newest line located in Paju, Gyeonggi Province, to 45,000, starting from 2023.
The Gen 10.5 plant was built to manufacture large-sized OLED panels. It is scheduled to start production of 30,000 OLED panels that are 65 inches or larger from 2022.
There is absolutely no word of any capacity expansion of OLED displays for iPhones as another Apple news site is reporting today. Even the Reuters report stays clear of that claim.
One of the Korean reports added that a company official stated for the report that "The additional investment is aimed at accelerating the company’s focus on the TV business by ramping up the large-size panel production capacity. As the OLED TV market is growing, the company is aggressively expanding production infrastructure. The company’s increasing OLED production capacity will contribute to expanding the global OLED TV market."
LG Display has constantly increased investments in the large-sized OLED panel production line. The company spent 1.84 trillion won in November 2015 and 2.8 trillion won in July 2017 to secure a monthly capacity of 30,000 panels.
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