OLED
LG Display announced on February 18 that it decided at a board of directors meeting held on February 15 to invest 700 billion won in its M2 production lines to provide against the future growth of the global large-screen OLED TV market.
The M2 lines, located in LG Display’s P9 plant in Paju City, Gyeonggi Province, perform deposition to produce up to 26,000 units of 8th-generation (2,200mm×2,500mm) WRGB OLED panels a month. The start of mass production is scheduled for the first half of next year.
The investment decision is to get the jump on competitors and further solidify its leadership in the OLED TV market. LG Display is planning to come up with unique products, such as super-large, ultra-HD and curved TVs, to take the initiative in the market.