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Technology Stocks : OLED Universal Display Corp
OLED 112.69-0.2%Dec 2 4:00 PM EST

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A.J. Mullen
From: Ravid.Ron7/16/2021 3:31:24 AM
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LGD 10.5th generation investment 'essential' to supply OLED to Samsung

In order for LG Display to supply organic light emitting diode (OLED) panels for TVs to Samsung Electronics, there has been an observation that it should hurry up to invest in the 10.5th generation (2940 × 3370 mm) fab.

Choong-Hoon Lee, CEO of UBI Research, a market research company, said at a display technology seminar held online on the 16th, "In order for LG Display to supply OLED panels for TVs to Samsung Electronics, it will need 10.5G investment this year."

The timing of resuming investment in 'P10', LG Display's 10.5th generation OLED fab in Paju, is currently unclear. LG Display has been responding to increased OLED demand by operating the Guangzhou OLED line in China since the second half of last year.

CEO Lee Choong-hoon said, "Even if Samsung Electronics does not join as a customer, LG Display will have to invest in the 10.5th generation next year at the latest." "Otherwise, OLED supply for TVs in 2024 will fall short of demand," he emphasized.

He added, "If we do not change the existing LCD fab to 10.5G OLED, it is time to make a new investment."

LG Display is expected to operate large LCD lines in Korea at least until this year. As LCD prices are not expected to drop significantly next year, many view that LG Display will maintain its large LCD line next year.

According to UBI Research, the demand for OLED panels for TVs is increasing rapidly recently. In the second quarter of this year, LG Display's TV OLED panel shipments were counted as 1.8 million units, up 185.7% from the same period last year.

LG Display is expected to ship 7.2 million OLED panels for TV this year. It is suggested that this number will increase to 8 million units next year and 10 million units in 2024.

CEO Lee said, "If Samsung Electronics receives OLED panels from LG Display and makes TVs, LG Display's shipment of 10 million large OLEDs can be advanced by one year." “Eventually, 10 million shipments will be possible in 2023,” he explains.

In addition, CEO Lee said that OLED panels will rapidly spread beyond smartphones and TVs to tablets and laptops. When Apple's iPad with Samsung Display's OLED panel is released next year, OLED adoption is expected to become common in high-end tablets.

It also has great potential in the notebook market. About 800,000 laptops with OLED were shipped last year, but 2 million units have already been shipped in the first half of this year alone. About 4 million OLED notebooks are expected to be shipped this year.

CEO Lee predicted, "From this year, Samsung Electronics will lead the high-end notebook market with OLED notebooks."
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