LG Display will invest about $8.5 billion during the next three years to develop OLED displays to fend off growing competition from Chinese suppliers in LCD displays and expand OLED technology to small-screen devices such as smartphones and wearables.
CEO Han Sang Beom said the priority of Seoul, South Korea-based LG Display is to “pioneer this untapped OLED market to sustain our leadership in the display industry and keep the competitors at bay.”
LG positions OLED technology as offering an expanded color gamut, deep and immeasurablecontrast ratios, ultra-thin panels, and exceptional off-axis viewing resolution.
See this Bloomberg story.
