LG Rumored To Be Investing Billions In P10 Mobile OLED Plant

LG to spend $3.5 billion on new OLED plant plans to reach 50 of Samsung production

LG to spend $3.5 billion on new OLED plant plans to reach 50 of Samsung production

It was then suggested that the Korean giant will show off this first-of-its-kind OLED screen at Society for Information Display 2017 (SID 2017) at the Los Angeles Convention Center.

LG Display is rumored to be investing billions of dollars into its new P10 OLED production plant in Paju, Gyeonggi Province, South Korea, according to industry sources.

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LG Display will construct the lines for production next year with smartphones as the priority ahead of TVs, which reverses the original product production order LG had for the facility.

Samsung is pitching this as "next-generation" display technology, which has some benefits compared to the flexible OLED displays now in use on the market. That's why LG Display has made a decision to invest 4 trillion won (around $3.5 billion) to set up a new production plant called P10, which will help it increase the production capacity of OLED panels.

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Assuming that the plant goes online in the stipulated time, LG is expected to have a production capacity of 120,000 units per month and it will remain behind Samsung Display that's now capable of producing nearly twice that volume. It seems that LG Display is planning to secure its position as the second supplier for Apple iPhone by quickly increasing its production capability of OLED for Smartphone.

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