LG Display Plans to Abandon Investment in Small and Medium OLED Displays and Focus on Large Panels
Aug 10, 2011 It has been reported that LG Display's CEO has announced the company's plan to focus on the development of large OLED panels aiming to produce 55" OLED TVs in 2012. initially planned production volume will be small (tens of thousands of units) in order to evaluate market demand. But the mass production will be kept in mind when setting up the technological process. This strategic re-focusing will mean abandoning LG's current investing into development of small and medium OLED displays.
The Nikkei business daily reports that LG Display aims to invest $2.8 billion towards 8.5-Gen OLED TV mass production that should begin in the second half of 2014.
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Author: Alice Jones
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