LG Display targets market dominated by Samsung – OLED panels for smartphones

Although its Korean archiving Samsung Samsung consolidates is the domination of the small and medium-sized OLED market with newer and Nifty products, the LG display does not want to be left in competition. LG, who has undergone a setback in his production of smartphones and left the field, now makes a strategic movement on the display market.

The LG display announced that this is an investment of $ 2.8 billion to expand the production of organic electroluminescent diode panels (OLED) for smartphones and tablets. The new investment aims to establish small and medium-sized OLED lines (sixth generation substrates of 1,500 mm x 1,850 mm).

Investment for its factory in Paju, South Korea

For registration, LG in depth dominates the large OLED markets for TVs, while Samsung presents accounts about 80% of global small and medium markets.

So, basically, LG now takes the fight in his enemy camp. And there is also competition from the competition of aggressive Chinese companies that have attempted to manufacture OLED panels for smartphones.

The LG display aims to ensure the production capacity of 60,000 small and medium-sized OLED panels at its PAJU plant in South Korea.

The investment will take place from March 2024 and will be used in its existing facilities.

The company said last month that it examines a plan to expand the capacity of its plastic OLED panels.

The LG group tried to diversify its business portfolio after closing its smartphone activity in difficulty.