LG Display is reportedly launching a new 3 trillion Won ($2 billion USD) investment plan, to upgrade its existing production small-area mobile flexible AMOLED processes and technologies.
LG Display was chosen by Korea's National Growth Fund, and have received a low-interest loan of 1.3 trillion to increase its competitiveness, as the Korean government hopes to strengthen its display industry and fend off Chinese competition. LG Display will reportedly contribute 1.5 of its own capital, and it has also secured a 200 billion Won in a private loan.
This new project will not aim to increase production capacity, but rather assist LG to enhance its current production lines. The technologies that LGD will introduce include more advanced LTPO backplane production, tandem stacks, and hybrid (TFE on glass) OLED production. LGD will also introduce new module manufacturing processes. LG's main goal is to increase the performance of its IT OLED panels for laptops and tablets.
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