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LG Focuses on Investment in OLED Display Technology

South Korean display maker LG announced that they will invest around USD$8.47 billion into organic light-emitting diode (OLED) displays through 2018. The money will primarily be used to develop OLED displays suitable for television sets and mobile devices such as smartphones, tablets and wearables. The company is also interested in looking into using OLED technology in signage and auto manufacturing. A small part of the funds will also be allocated to liquid crystal display (LCD) products destined for the premium and luxury markets.

Back in July, the company announced their plans to invest USD$908 million in 6th-generation flexible OLED display production through the new E5 line. The new 6th generation line, which can be utilized in television sets, mobile devices, wearable technology and the automotive industry, is scheduled to start mass production at the beginning of 2017.

OLED displays work by using UV light to set phosphors to glow while color filters block out unnecessary pixels. This results in true blacks and better picture quality and colors than current options on the market. Products that utilize OLED displays tend to be thinner and lighter than LCD or older display technologies, but many companies consider them to be too expensive for mass market products.

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