LG Display will loan USD 1 billion to expand OLED production line in Vietnam

LG Display recently announced that it will lend $1 billion to major global financial companies to expand OLED production lines at its Vietnam factory. According to the latest report, LG Display aims to expand its influence in the global small and medium-sized OLED panel market.

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The company is the undisputed number one in the large-scale OLED panel market, but in the small and medium-sized OLED panel market, LG Display’s share is only about 12%, far lower than Samsung Display’s 73% share.

Last year, in order to improve the competitiveness of the small and medium-sized OLED panel market, LG Display decided to make a large-scale investment in the Paju factory in Gyeonggi, South Korea, and the factory in Vietnam.

Previously, it was reported that LG Display and South Korea’s Sunic System have cooperated to develop the 8.5-generation wire half-cut horizontal deposition equipment. The series is aimed at Apple, which plans to make more use of OLED panels in its tablet and PC product lines.

(via)