LG invests $13.5 billion in OLED to take on Samsung

LG Display is taking on Samsung in the OLED market with its plan to invest roughly $13.5 billion in OLED production across its smartphone and TV products over the next three years.

The OLED market has been one that Samsung has traditionally be dominant in, and so much so that it is believed that Apple has had to go to Samsung for the OLED screens rumored to be on the upcoming iPhone 8. LG is hoping this investment to take a piece of the pie itself.

The investment was announced during the South Korean company’s Q2 earnings call. The $13.5 billion is about 25 per cent more than its usual spending on the matter as the company shifts from production of LCDs to OLED screens. The benefit in OLED screens comes from thinner and more flexible panels that offer better picture quality and consume less power.

Part of LG’s plan is to put some of this investment toward the production of 10.5 generation large size OLED displays that will compete against Chinese manufacturers, and further OLED development for auto displays and smartphones. Ultimately, there are plans to build two new OLED production lines in South Korea and Gaungzhou, China.

The first OLED product from LG will arrive later this year is a smartphone with a six inch screen – the largest screen on an LG handheld device in nearly half a decade. LG is calling this screen its ‘plastic OLED FullVision display’. Despite the size, this device will still be smaller than last year’s LG V20 due to the removal of bezels.

The display will have a 1,400 x 2,800 resolution, which LG hopes will enable virtual reality-type content on its devices. It will also be protected by Gorilla Glass 5.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Alex Radu
Alex Raduhttp://www.computerdealernews.com
is a Video Producer for IT World Canada. When not writing or making videos about the tech industry, you can find him reading, watching TV/movies, or watching the Lakers rebuild with one eye open.

Featured Story

How the CTO can Maintain Cloud Momentum Across the Enterprise

Embracing cloud is easy for some individuals. But embedding widespread cloud adoption at the enterprise level is...

Related Tech News

Get ITBusiness Delivered

Our experienced team of journalists brings you engaging content targeted to IT professionals and line-of-business executives delivered directly to your inbox.

Featured Tech Jobs