LG confirms $1.75 billion investment in flexible OLED displays

LG doubles down on flexible OLED display investment as new era approaches.

@seanridgeley
Published Wed, Jul 27 2016 2:07 PM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

LG invested $905 million in flexible OLED displays last year, and apparently it liked the results, because it's putting $1.75 billion into it this year (the investment was rumored last month, and now the company has confirmed it). The end goal with its investment is to produce bendable screens for use in mobile phones, at least one of which doubles as a tablet.

LG confirms $1.75 billion investment in flexible OLED displays | TweakTown.com

It's said the company sees flexible phones as part of an "approaching era", and so is putting its gobs of money where its mouth is. Its already released the LG G Flex and G Flex 2 to that end as well. Market research firm IHS DisplaySearch says it anticipates flexible OLED shipments to grow from 59 million shipments this year to 416 million in 2020.

NEWS SOURCE:whathifi.com

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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