LG Expanding Production of OLED TV Panels

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Image: LG

Demand for LG’s OLED TVs appears to be going up. According to a new report from The Elec, the South Korean electronics giant has decided to expand the production capacity of its OLED panel factory located in Guangzhou, China from a capacity of 60,000 substrates per month to 90,000 substrates per month by June. The expansion should help LG attain its goal of shipping 7 to 8 million large-sized OLED panels in 2021—an 80 percent increase over the 4.5 million units shipped last year.

Image: LG

Once the upgrade in China is complete, combined with its capacity of 80,000 substrates per month at its factory in Paju, South Korea, LG Display will have a TV OLED panel production capacity of 170,000 substrates per month. One of the people said the company has successfully stabilized production at Guangzhou and is seeing large demand for its large-sized (TV) OLED panels.

Sources: The Elec, FlatPanelsHD

Tsing Mui
News poster at The FPS Review.

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