LG Display has announced a massive $1.99 trillion South Korean Won (about 2.3 billion Canadian dollars) investment in a flexible display production line in South Korea “as part of its preemptive efforts to change and lead the approaching era of flexible OLED screens for mobile devices.”
Mobile devices with flexible organic light-emitting diode (OLED) displays have been promised by Samsung and Lenovo, with the latter recently showing off an impressively advanced-looking prototype at its annual Techworld conference. This investment shows LG is clearly eager to win the race to market with a commercial bendable device.
In a release, LG CEO and vice chairman Dr. Sang-Beom Han stated “a paradigm shift to OLED represents both a challenge and an opportunity for the display industry. LG Display is determined to become the leader in the fast-growing OLED market through timely investments to maximize efficiency.”
LG expects its new production line will start mass production by the second half of 2018 and produce 15,000 input sheets per month. Additionally, the company already has a production line dedicated to flexible OLED display production in operation, and is currently in the process of building another production line for that purpose as well.
Related reading: Lenovo says its bendable wrist phone could come to market in 5 years
Source: LG Display