LG is just getting over pulling the 2nd generation LG Watch Urbane 2 due a problem with the display, but that is not stopping the electronics giant from investing even more heavily in organic light-emitting diode (OLED) display panels. Yesterday it was revealed that LG Display has plans to invest over 10 trillion won ($8.7 billion USD) to build a new plant producing OLED panels.
The initial investment in the plant will be 1.84 trillion won ($1.6 billion USD) to commence construction. The facility will be located in Paju, South Korea. LG Display says the facility will produce panels across the entire range of devices, from large screen televisions all the way down to small wearables like smartwatches. The plant is expected to commence production in 2018.
Although not confirmed, some sources believe part of the impetus for LG’s latest investment in OLED production is a belief that Apple will switch to the technology for use in their iPhone smartphones in 2018.
source: Reuters
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