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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

By Anthony Garreffa from Jul 24, 2015 @ 1:36 CDT

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.

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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.

NEWS SOURCES:Techspot.com


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