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LG Display starts installing equipment in the Gen-8 M2 OLED TV fab
LG Display has installed the first equipment in their new M2 Gen-8 OLED TV fab. The company is still on track to start production in middle 2014. The new fab will have a monthly capacity of 26,000 substrate, and LGD's total investment will be around $650 million. The number of actual TV panels they will make is unknown as it depends on yield and on panel size.
LG are currently producing flat and curved OLED TV panels. The flat OLED TV is on sale in Korea for $10,000 and the UK, while the curved 55" OLED TV, the 55EA9800, is now available in Korea for around $13,500 and in the US - exclusively through Magnolia stores inside Best Buy for $14,999.
LG Display's current production volume is very low. When the M2 will enter mass production OLED TV prices will drop, some forecast that the price of the TV will drop by around 50%.
Source: Korea Times