“LG Display Co., a supplier to Apple Inc., plans to invest about 10 trillion won ($8.5 billion) over the next three years to develop next-generation screens to reverse slowing growth and gain an edge over competitors,” Jungah Lee reports for Bloomberg.
“LG Display will shift its investment focus to screens powered by tiny organic light-emitting diodes, or OLEDs, the Seoul-based company said in an e-mailed statement Monday,” Lee reports. “The world’s largest maker of liquid crystal displays is betting on growth in demand for advanced displays, including foldable screens, for wearable devices, cars and televisions.”
“‘The investment aims to make LG Display grow as a sustainable company,’ Chief Executive Officer Han Sang Beom said in the statement. LG Display’s priority is to ‘pioneer this untapped OLED market to sustain our leadership in the display industry and keep the competitors at bay,'” Lee reports. “The global OLED market is forecast to grow to $28.3 billion by 2022, from $8.7 billion last year, the company said in the statement, citing estimates by researcher DisplaySearch.”
Read more in the full article here.
MacDailyNews Take: If they look anything like our Apple Watch displays, more, please!
SEE ALSO:
Apple Watch 2 coming in 2016 with LG Display as exclusive display supplier, sources say – June 13, 2015
Apple Watch propels LG Display to command 91% of smartwatch display market – May 12, 2015
Why Apple wants an OLED iPhone by 2018 – July 6, 2015
I wouldn’t talk about it too much. Samsung will swoop in and steal the tech and kill your business.