LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year

LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year 1

LG Display this month started production at its 8.5th Generation OLED manufacturing facility in Guangzhou, China. When fully ramped, total capacity of the factory will be 90,000 substrates per month. The plant will produce 55, 65, and 77-inch high-resolution panels for televisions. In fact, LG’s goal is to make 10 million large size OLED panels per year by 2022, which means to more than double its current output.

The new 8.5G OLED panel plant is a nine-level building above the ground that occupies a 74,000 m² piece of land and provides 427,000 m² of floor space. Initial capacity of the manufacturing facility will be 60,000 2200×2500 mm substrates per month, which will be expanded to 90,000 sheets per month by 2021. The factory will be operated by LG Display High-Tech China, a joint venture between LG Display and Guangzhou Development District, in which the former holds a 70% stake (with ~$2,150 billion in capital).

Facing cut-throat competition from various makers of liquid crystal displays, LG Display recently set a strategic goal to significantly expand production of large OLED panels in a bid to serve more lucrative and growing market segments. LGD says that it sold 2.9 million huge OLED panels in 2018 and expects to sell 3.8 million large panels this year, which will turn this business to profitability. Citing market researchers, the manufacturer says that demand for OLED TVs and panels is growing and to that end, it makes a great sense to invest in OLED plants.

Right now, LG makes 70,000 8.5G OLED substrates at its plant near Paju, South Korea. The company is building a 10.5th Generation OLED plant near Paju that will produce 45,000 of 2940×3370 mm substrates per month when it is ready in 2022. Combined, LGD will manufacture 160,000 8.5G OLED substrates and 45,000 10.5G OLED sheets a month in 2022. The company hopes that its expanded manufacturing capacity will enable it to make 10 million of large OLED panels per year by 2022.

Coinbase 3

Related Reading:

Source: LG Display

LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,531.00
ethereum
Ethereum (ETH) $ 2,989.89
tether
Tether (USDT) $ 0.998129
cardano
Cardano (ADA) $ 2.08
binance-coin
Binance Coin (BNB) $ 362.40
xrp
XRP (XRP) $ 0.936912
solana
Solana (SOL) $ 135.67
polkadot
Polkadot (DOT) $ 28.55
usd-coin
USD Coin (USDC) $ 0.999726
dogecoin
Dogecoin (DOGE) $ 0.207508
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,531.00
ethereumEthereum (ETH)
$ 2,989.89
tetherTether (USDT)
$ 0.998129
bitcoin-cashBitcoin Cash (BCH)
$ 535.56
litecoinLitecoin (LTC)
$ 158.16
bitcoinBitcoin (BTC)
36.270,99
ethereumEthereum (ETH)
2.549,82
tetherTether (USDT)
0,851217
bitcoin-cashBitcoin Cash (BCH)
456,73
litecoinLitecoin (LTC)
134,88
bitcoinBitcoin (BTC)
30,953.04
ethereumEthereum (ETH)
2,175.97
tetherTether (USDT)
0.726414
bitcoin-cashBitcoin Cash (BCH)
389.77
litecoinLitecoin (LTC)
115.11

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,523 0.59 % 7.28 % 5.80 %
Ethereum2,982.6 0.91 % 7.30 % 9.65 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.080 1.41 % 5.05 % 14.08 %
Binance Coin361.27 1.03 % 8.34 % 9.88 %
XRP0.9360 0.54 % 5.61 % 12.41 %
Solana135.22 1.47 % 6.86 % 20.12 %
USD Coin1.000 0.11 % 0.39 % 0.30 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2077 0.95 % 7.50 % 12.39 %

bitcoin
Bitcoin (BTC) $ 42,531.00
ethereum
Ethereum (ETH) $ 2,989.89
tether
Tether (USDT) $ 0.998129
cardano
Cardano (ADA) $ 2.08
binance-coin
Binance Coin (BNB) $ 362.40
xrp
XRP (XRP) $ 0.936912
solana
Solana (SOL) $ 135.67
polkadot
Polkadot (DOT) $ 28.55
usd-coin
USD Coin (USDC) $ 0.999726
dogecoin
Dogecoin (DOGE) $ 0.207508