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LG invests $908 million on a new plant to build flexible OLED screens

LG invests close to a billion dollars on a new factory for flexible OLED panel production

Anthony Garreffa | Jul 24, 2015 at 1:36 am CDT (0 mins, 35 secs time to read)

LG has just invested a cool $908 million over the course of two years by starting construction on a new plant that will be making flexible OLED displays, according to a new regulatory filing.

LG invests $908 million on a new plant to build flexible OLED screens | TweakTown.com

Flexible OLED displays will be a big thing going into the future, with flexible displays found in smartphones, monitors, TVs and in the next few years, many more devices. Think flexible OLED panels in VR headsets, wearables, and so much more. Right now, products with flexible displays are expensive because they cost more to produce. But with a near $1 billion investment from a company like LG, we should see the price of flexible OLED panels drop considerably over the next few years.

Last updated: Apr 6, 2020 at 08:33 pm CDT

NEWS SOURCE:techspot.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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