LG Display invests $1.75 billion for flexible OLED demand
SEOUL— LG Display Co., one of the world’s biggest manufacturer of display screens used in smartphones and televisions. Said Wednesday it would invest 1.99 trillion Korean won ($1.75 billion) to produce flexible organic light-emitting diode, or OLED, displays for use in mobile phones.
From the last many years, The demand for Curved display Smartphones is increasing day-by-day. And users really interested to use something different in technology. Fortunately, LG Display company is here to provide there costumers that experience.
That’s why they have taken notice to that demand and the South Korean Company plans to invest $1.75 billion. (1.99 trillion won) to produce curved OLED displays. In the future many smartphone companies may adopt curved displays in their future devices.
South Korean Company plans to begin a latest production line named “E6” that is planned to start mass manufacturing in late 2018. That will produce 15k (15,000) input sheets every month for 3 million handsets with a curved display of 5.7 inches.
Back in the days, LG Display had already been making more larger OLED displays. Which were mainly used for television although its small-sized screens mainly made of LCDs.
The company is of course a major supplier in the Display Industry, including Apple. This has been using the firms LCD displays in their iPhones. LG Display’s affiliated company LG Electronics is also sources LCD displays from LG Display for its smartphones.
LG G5 which is the latest flagship of LG is also featuring IPS LCD display from LG Electronics. LG Display also happens to be the largest manufacturer of LCD displays at the time.
Advantage of OLED Display:
Advantage of OLED curved displays over the typical LCD display as OLED technology will show the users more saturated colors, such as a darker black. Main advantage of OLED screen is it has more flexibility as it can be folded. and bend hence enabling smartphone manufacturers to bend it into a curved screen for their phones.
OLED displays also made to use less battery and heat problems are also less common. With its latest investment, LG seems to be looking to catch up with its biggest competitor, Samsung Display. Which is currently focusing on the small-sized OLED screen market and shows no sign of slowing down or hanging problems.
Samsung has already been using its OLED displays in many of its devices. Over the past years, from its flagship Galaxy smartphone series to its mid-range J series.
Most recently, Samsung is using OLED curved displays in its Galaxy Edge series, with the latest being the Samsung Galaxy S7 Edge. Seeing how far ahead Samsung is in the OLED display business, LG has a long way to go to match Samsung.