LG Display said to invest $803 million for OLED panels in smartphones and wearables

LG Display Co Ltd is looking forward to invest up to 900 billion won ($802.75 million) for OLED panels for smartphones and wearables. The South Korean company is said to venture into new production line for small- and medium-sized organic light emitting diode (OLED) displays, as per a report from DongA Ilbo publication.


As per the report, the plant will produce flexible OLED panels used for smartphones and wearable products and will be built in South Korea. The display panel maker, which supplies screens to Apple Inc and  LG Electronics Inc, has been considering whether to build a new production line for the flexible OLED panels or convert existing capacity. Last week, a different report stated that LG and Samsung will provide OLED display for future Apple watch.  There is no word from LG regarding the investment in OLED panels.


Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+