LG Display to halt OLED TV production as demand for TV panels declines

According to reports from Korea, LG Display decided to halt OLED TV production at its 8.5-Gen fab in Paju, for about a month or maybe more, as demand for OLED TV panel has declined.

LG Display production hub in Paju

It seems as if LGD's inventories are increasing - in fact according to the report, LGD's inventory at the first half of the year increased 73.4% compared to the same period last year. OLED TV makers like LG Electronics and Sony are also seeing their own TV inventories up.

This is the first time we are seeing a decline in OLED TV production and sales. Analysts at KG Securities estimate that demand will continue to be down at least until the second half of 2023.

Posted: Oct 25,2022 by Ron Mertens