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LG bets the farm on OLED displays, investing over $8.5 billion

LG invests $8.5 billion over three years on developing OLED technology
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Aug 18, 2015 3:28 am

LG has just committed a rather large $8.5 billion into developing OLED technology over the next three years, where it wants to see OLED panels in everything from TVs to wearables.

 

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The company has said that the investment is a goal for them to "pioneer this untapped OLED market" and to "keep the competitors at bay". The investment into OLED production will benefit LG in the long run, as the competition in the TV and display space against Samsung heats up over the next couple of years.

NEWS SOURCES:Engadget.com

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