LG Display announced today that it started producing OLED TV panels at its 8.5-Gen OLED fab in Guangzhou, China. LG's new fab will have a monthly capacity of 60,000 substrates, which will be expanded to 90,000 by 2021.
LG says that by 2022, it will enable LGD to produce over 10 million OLED TV panels per year by 2022 - in its 8.5-gen fabs in Guangzhou and Paju, Korea (70,000 substrates per months) and its 10.5-Gen fab that it is now building in Paju. IHS expects LG to ship 5.5 million OLED TVs in 2020, 7.1 million in 2021 and over 10 million in 2022. In 2019 LG expects to ship 3.8 million units.