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

LG invests $8.5 billion over three years on developing OLED technology.

@anthony256
Published Mon, Aug 17 2015 10:28 PM CDT   |   Updated Tue, Nov 3 2020 12:04 PM CST

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.

LG bets the farm on OLED displays, investing over $8.5 billion | TweakTown.com

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 SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. 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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