LG Display Is Set To Open China OLED Plant, Braces for Competition
- Korean display makers see profits eroded by China competition
- LG Display competes with BOE, Samsung for Apple orders
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LG Display Co. is close to starting OLED production at a new factory in Guangzhou to sell more of the next-generation screens, even as Chinese rivals gear up to enter the market.
The Korean display maker will each month manufacture 130,000 OLED plates (which are divided into screens) once it gets China’s go-ahead for the expansion of the plant, according to Kang In-byeong, LG Display’s chief technology officer. Although delayed, he’s expecting approval soon. Another facility north of Seoul will probably make OLEDs as well, while LG is winning orders to make screens for premium carmakers for models next year, Kang said.