LG's New 55+ inch OLED Plant in China Opens: Over 1m+ per Year
by Anton Shilov on August 31, 2019 11:00 AM EST- Posted in
- Monitors
- Displays
- LG
- OLED
- LG Display
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.
Related Reading:
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- Japan’s Ministry Approves Shipments of Industrial Chemicals to South Korea
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Source: LG Display
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Oliseo - Saturday, August 31, 2019 - link
You say this now, but imagine you had a multimillion pound idea, and I overheard you saying it.And then the next day you seen your product on your local store shelves and people putting into their basket.
Don't kid us that you'd just shrug your shoulders and go "oh well, no such thing as stealing an idea", and then toddle off home all smiles.
Because that's BS.
imaheadcase - Sunday, September 1, 2019 - link
No its not BS. You simply had a idea and didn't get it to market faster than him. Also in that case you said its totally legal.Vitor - Sunday, September 1, 2019 - link
Well, then i would be dumb for being lazy to not put my idea to serve the consumers and if someone else could master my super original idea better than me, congrats to them.See, that’s the thing, one must earn money by serving the consumers, not by bragging that it has a patent granted by some bureau that gives me the right to other people property for 20 years.
Beaver M. - Monday, September 2, 2019 - link
Of course there is stealing an idea. But only in a competition. Do you seriously think we dont have competitions?Jorsher - Tuesday, September 3, 2019 - link
So... My company spends millions of dollars developing new technology. We get it to the market priced to recoup R&D costs as well as generate a profit in order to fund the next great new technology.Another company pays an IP thief or reverse engineers our product. They've saved millions by not having to pay scientists, engineers, prototyping, etc to R&D the product. Thanks to this "shortcut," they can sell their product for less than ours.
This "all or nothing" approach to information freedom is simple-minded. There are some cases where IP theft causes little harm. There are some cases where IP theft causes great harm. When a ton of money is dumped into developing something new, they should be protected. The protection decreases the risk of investing in new technology by increasing the likelihood of turning a profit. IP theft squeezes out the true innovators by profiting off someone else's work.
boeush - Saturday, August 31, 2019 - link
Innovation costs money. IP ensures adequate return on R&D investment. Without investment and money, there's no innovation. Theft of IP means death of innovation.imaheadcase - Saturday, August 31, 2019 - link
History shows you are wrong.BurntMyBacon - Tuesday, September 3, 2019 - link
If you are going to flat call somebody wrong, you should give your reasoning for doing so. You called out history, so at least provide some examples. As it is, I don't even know what you are saying is wrong. Do you disagree that innovation costs money? Perhaps you don't believe that IP can ensure return on investment. I could see you saying the theft of IP doesn't mean the death of innovation, but you didn't say that. Perhaps you believe all of those statements to be wrong. Or maybe boeush has historically been wrong and your comment had little to do with the actual post. I can provide plenty of historical examples of how innovation required extremely large investments, but to do so would be pointless as it probably won't be addressing your point.quorm - Saturday, August 31, 2019 - link
Innovation does cost money, but the incentive to innovate is to make a better product and increase profit. IP does not ensure a return on R&D.FunBunny2 - Monday, September 2, 2019 - link
"Innovation does cost money"not too sure that it's happening in compute tech, but just pay attention to pHarma, where 'innovation' amounts to teeny weeny changes to patented stuff just to extend said patents. if there's going to be any effort to rein in patents (for all) that's where it'll come from.