OLED arms race warming, LGD additional investment of $400 million

Apple crazy love came out from LCD to promote OLED screen news, the panel has set off another wave of arms race. South Korean panel factory LG Display (LGD) on Friday announced a new OLED investment plan, is expected to hit 450 billion won, or equivalent to $400 million to strengthen the panel capacity.

Reuters reported that LGD spokeswoman pointed out that there are 310 billion won, will be used in South Korea to build OLED display factory, the remaining 140 billion won is used to build OLED panel production line.

The arms race is bottomless, contestants to win, no more at all. LGD last July had announced a $1 trillion and 50 billion won to build four generation line of OLED panel factory, announced on Friday that the investment plan is a new supplementary budget, should come for Apple OLED panel orders, and the plan was announced, LGD has held shizaibide determination.

According to ETnews.com reported on Wednesday, LGD is working with apple to discuss production technology, the second half of this year is expected to be completed on the next generation of iPhone panels to sign the contract, the new investment just let LGD show strength in front of apple. At the same time, LGD also toward the development of the automotive panel, and the degree of enthusiasm may be better than apple orders.

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