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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samerakhras - Tuesday, September 3, 2019 - link
led are bad, they burn inwrkingclass_hero - Saturday, August 31, 2019 - link
I'd sure hope the OLED plant would be over 55 inches!ozzuneoj86 - Monday, September 2, 2019 - link
Well, they came from a 55" tall plant growing out of the ground, that would really explain the O in OLED wouldn't it?jwcalla - Saturday, August 31, 2019 - link
> 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...This is what it takes to do business in China. They will steal all of that IP and incorporate it into their own domestic TV production... where they will then own 100% stake of the market and LG will be watching on the sidelines.
AshlayW - Saturday, August 31, 2019 - link
IP holds back Innovation :)Unpopular opinion: the Chinese can access the tech and improve on it, without forking out money to the greedy capitalist pigs of the US and Europe xD
RamIt - Saturday, August 31, 2019 - link
So you are saying that its ok to steal china's IP. Fuck china. I wish all the countries would jump on board about IP THEFT!FunBunny2 - Saturday, August 31, 2019 - link
"I wish all the countries would jump on board about IP THEFT!"then start with Red Blood America!!! if all those patriots hadn't stolen all those patented inventions from the Brits in the 19th century, the USofA would still be a third world country exporting food stuffs. wait a minute.....
limitedaccess - Saturday, August 31, 2019 - link
They all "jump on board about IP THEFT" as they all do it. Do you think all of South Korea today was purely built on homegrown innovation and development?It's cyclical. The US took from Europe. Japan took from the US. Taiwan took from Japan/US. SK from Taiwan/Japan/US. And now China from all those. Next up guess what countries like Vietnam and India are going to do as there is now push to develop those countries?
By the way there was almost a similar level of sentiment against Japan in the 80s in the US as there is now. The reason SK and Taiwan gets ignored as due to other reason they are a limited overall threat to US hegemony.
From a tribal point of view there is benefits to push the American agenda (well kind of, I'm not sure if the current path is actually beneficial to the average American, but that's a separate political debate). The moral argument is pretty weak, everyone's doing it to their own benefit. Gold old American semiconductor companies Micron and Intel for instance are at odds currently regarding IP theft.
Santoval - Sunday, September 1, 2019 - link
Since China steals IP (just like the Japanese used to do during their growth boom, i.e. post-WW2, decades, let's not forget; it was said that "they copied everything") it cannot complain about their own IP being stolen.Vitor - Saturday, August 31, 2019 - link
I totally agree with Ashlay. There is no such thing as stealing an idea. There is copying, imitatition. But those things dont create scarcity. If o copy your idea, you still have it.