LG to increase R&D spending by 25%, will direct investment to OLEDs

03/12/2009

Financial
LG

LG says they will increase their R&D investment by 25%. They seem to want to take advantage of the economic downturn to increase market share. They will invest over 2Billion$ on 'future growth business' (also 25% increase from last year).

The new growth areas are Solar cells, Electric car batteries and AMOLEDs. This money might go to supply OLED panels to Apple according to some rumors...

Back in January LG reported a large quarterly loss, and said they will move investments to either OLEDs or Solar cells. I'm guessing they are being even more aggressive now, with a larger investment in several areas.

Via Korea ITNews

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This is exciting, and I see

Submitted by Idris (not verified) on Fri, 13/03/2009 - 04:20.

This is exciting, and I see where Apple comes in, since LG does make the LED for Apple. That would be very interesting to see what LG has in store, especially in these times.