LG Display says it will expand the capacity of its OLED assembly plant in Vietnam in a $1.4 billion investment.
The OLED plant, located in Hai Phong City, is used to assemble OLED panels - for mobile devices, TVs and automotive displays. The plant's capacity will grow from around 10 million monthly units to 13-14 million.
Only a few months ago LG Display announced a $750 million investment in the Hai Phong plant, and now it is expanding it again, as demand for LG's OLED display is on the rise. Total investment in LG's plant in Vietnam, including the latest plan, total $4.65 billion.