LG Display to raise 970 million USD to accelerate its OLED R&D and production expansion
LG Display says it plans to issue new shares, and raise around $970 million USD. The company plans to invest this capital in its OLED business, to meet the demand for advanced displays.
LG Display's strategic plan is to increase WOLED (large-area) display production by 20% compared to 2023. It also plans to increase its small and medium sized AMOLED business, but it seems LGD has not yet committed to expand production capacity further.