In July 2017 LG Display announced that it has decided to build a 8.5-Gen (2200x2500) OLED line in Guangzhou, China, to make OLED TV panels. The Korean government hesitated whether to approve this plan, as it sees OLED as a strategic technology Korea' economy, but by the end of 2017 LGD got the approval for its new OLED TV fab.
LGD is apparently still waiting for an approval from the Chinese authorities, but according to a new report from Korea, LG Display is expected to place the orders for the new fab equipment next month. This report says that total investment in this new fab is estimated at $3.17 billion - although LGD itself estimated the whole fab at $2.3 billion USD. Perhaps LGD only counted its own stake, as the local government in Guangzhou will award LGD with 30% the funds.
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