LG invested $1 billion 750 million new OLED production line challenges and opportunities coexist

According to Reuters, South Korea's LG display company said on Wednesday, will invest 1 trillion and 990 billion won ($1 billion 750 million) to improve the flexibility of OLED (organic light-emitting diode) display output, to meet the growing demand for mobile device manufacturers. OLED is widely regarded as a substitute for LCD, the future of smart phones become the standard configuration. Flexible display is a curved surface or collapsible display.

LG is the world's largest manufacturer of LCD panels, but has been concerned about the production of TV OLED, in the smart phone OLED panel manufacturing, behind Samsung display. LG said in a document submitted to regulators, will build a new medium and small size flexible OLED panel production line in South Korea to meet growing demand. LG display company CEO Han Wei said in a statement: "to the OLED display industry is both a challenge and an opportunity. "

Invest in new production lines to improve the production capacity of LG monitors in the second half of 2018. However, the same day LG display company announced second quarter results, the company's net loss of $84 billion won, while the same period last year was a net profit of 363 billion won. Samsung has used the OLED screen on the flagship phone, although this display is more difficult to produce, but the color is more bright and thin, you can do the surface screen and borderless phone. Analysts expect apple to release OLED screens on iPhone next year. In this regard, apple did not immediately respond to comments.

IHS Markit senior director David Xie (David Hsieh), said: Apple OLED screen will be a milestone in the OLED display industry events. The company said in a report released on Tuesday, is expected in 2020 to replace the OLED screen LCD smart phones become the main display, accounting for 36% of smartphone shipments. Most analysts believe that Samsung display company won next year's apple iPhone OLED screen contract, but Samsung declined to comment.

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