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LG is investing billions of dollars into OLED production

LG's investment into OLED production grows, with the company spending a further $8.7 billion

By Anthony Garreffa | Nov 27, 2015 10:33 pm CST

LG is leading the OLED TV game, with the South Korean giant investing a further $8.7 billion into OLED production and building another manufacturing facility to handle the extra OLED panels, something that won't be finished until 2018.

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The latest report from Reuters is that LG is spending around $8.7 billion on the new facility that will be built in Paju, South Korea. Earlier this year LG had a significant delay in OLED production as it experienced a gas leak, halting all production. LG will be using the new OLED production plant to manufacturer more OLED panels for automotive and TV-sized panels, but again, this won't roll through til 2018.

We've already fallen in love with LG's 4K curved OLED TV, with it being the best TV we've ever laid our eyes on.

NEWS SOURCES:engadget.com

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