According to a new report in Korea, LG Display is delaying its P10 10.5-Gen OLED TV fab plans. The company's original plan was to start mass production (with 30,000 monthly substrate) in H1 2022, but the date now shifted to 2023.
The report says that LG Display notified one of its main equipment suppliers, YAS, that it is delaying its plans. Other main suppliers for the P10 fab include Applied Materials and Jusung Engineering.
A new report from Korea suggests that LGD still did not manage to stabilize the new fab, and mass production is now delayed to after the first quarter of 2020. LGD's original plans were to produce around 5.5 million OLED in 2020, but that plan assumed the Guangzhou fab will be in full production rate by the end of 2019. LGD already lowered its 2019 OLED TV production capacity due to the Guangzhou delay.
A few days ago we reported that Cadillac announced that its 2021 Escalade, to be unveiled on February 2020, will sport a 38-inch curved OLED display. A new report from Korea's Hankyung says that the producer of this display is LG Display.
Hankyung says that LG is pushing its automotive OLED displays, and will also supply OLED displays to Mercedes-Benz's 2020 E-Class car. LG is not alone as many display makers are developing and producing automotive OLED displays and aiming to take a part of this important market. To learn more about OLEDs for the automotive market, click here.
LG Electronics says that it shipped over 5 million OLED TVs since it began offering OLED TVs in 2013. LGE's OLED TV sales are accelerating and it is currently shipping an average of 100,000 OLED TVs each month.
Korean site ETNews says that Apple will release three new iPhone models in 2020 - all with OLED displays. There will be a 5.4", 6.1" and 6.7" models.
For the 5.4" and 6.7" models, Apple will rely exclusively on Samsung Display for its AMOLED displays - and will adopt Samsung's Y-OCTA technology (on-cell touch) which enables thinner panels. ETNews says that SDC offered great terms for Apple to secure the 2020 exclusivity.
Motorola announced the Razr 2019, a clamshell-style smartphone that features a 6.2" 2142x876 (21:9) foldable AMOLED display that folds inside. There's also a regular external 2.7" 600x800 AMOLED used when the phone is closed.
This seems, at least to me, to be a beautiful design which may appeal to more consumers compared to the larger foldable phones we have seen until today that open up to a tablet-style device. The Razr is also the cheapest foldable OLED phone yet announced at $1,500 (it will ship in January 2020).
LGD's new fab has a monthly capacity of 60,000 substrates, which will be expanded to 90,000 by 2021. The company has now lowered its OLED TV forecasts for 2019 as it did not meet its goal of starting shipping commercial panels in October.
In August 2019 Dell's Alienware announced a flagship 55" gaming monitor based on LG Display's 120Hz 55-inch 4K (3840x2160) WRGB AMOLED display. These high-end gaming monitors are now shipping for $3,899.
The Alienware 55 has a maximum brightness of 400 nits and a 0.5 ms gray to gray response time. The monitor support AMD FreeSync variable refresh rate and it has an anti-reflective coating with 2H hardness.
DSCC says that OLED panel unit shipments will reach 1.06 billion by 2023. The growth will peak in 2020 (with a 27% unit growth and 25% revenue growth from 2019). Overall revenues for OLED panels will grow from $26.5 billion in 2018 to $46.2 billion in 2023.
DSCC says that it lowered its OLED TV forecast for 2020-2023, as LGD is delaying both its Guangzhou 8.5-Gen fab ramp up and its P10 10.5-Gen line by one year. New LCD technologies, including dual-cell LCD and miniLEDs will also hurt the growth of the OLED TV market. DSCC further reports that LG Electronics will not be able to reach its 2 million OLED TV goal in 2019 - and have asked LGD to supply it with only 2.5 million OLED TV panels in 2020 (the original plan was to supply 3.5 million panels to LGE).