LG Display will invest 3.3 trillion won to expand the production capacity of small and medium-sized OLED panels by March 2024

LG Display will invest 3.3 trillion won to expand the production capacity of small and medium-sized OLED panels by March 2024

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Original title: LG Display will invest 3.3 trillion won to expand the production capacity of small and medium-sized OLED panels by March 2024

[TechWeb] News on August 17th, according to foreign media reports, it has obvious advantages in large-size OLED panels, and progress has also been made in small and medium-size OLEDs. LG Display, a panel manufacturer that is already supplying Apple’s iPhone, will be in the next 3 It will invest heavily in this year to expand the production capacity of small and medium-sized OLED panels.

Judging from foreign media reports, LG Display announced on Tuesday local time that it would invest in expanding the production capacity of small and medium-sized OLED panels.

Specifically, LG Display plans to invest 3.3 trillion won, or approximately US$2.8 billion, to increase the production capacity of small and medium-sized OLED panels by March 2024.

LG Display’s planned 3.3 trillion won investment will expand the production capacity of their plant in Paju, South Korea. Industry observers predict that after the investment is completed, the monthly production capacity of small and medium-sized OLED panels in this factory will reach 60,000 substrates.

LG Display is currently also an important global supplier of small and medium-sized OLED panels, but there is still a big gap with Samsung Display in terms of the scale of small and medium-sized OLED panels. According to data from market research institutions, in the first quarter of this year, Samsung Display's market share of small and medium-sized OLED panels was as high as 73.7%, and LG Display's share was 10.6%.

Key words: LG Display OLED panel