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Technology Stocks : OLED Universal Display Corp
OLED 101.25-1.8%9:34 AM EDT

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From: Ravid.Ron7/21/2021 3:11:10 AM
6 Recommendations   of 27490
LG Display to resume investment in E6-3 for 'Apple' next month

LG Display will resume investment in the organic light emitting diode (OLED) production line for Apple as early as next month. It has been three years and eight months since the investment postponed in 2017. The investment is expected to exceed KRW 1 trillion.

According to the industry on the 21st, it was understood that LG Display plans to place an order for equipment for the E6-3 line in Paju, Gyeonggi Province, in the third quarter. The E6-3 line is the third phase of the E6 line investment. Here, the 6th generation (1500x1850mm) flexible OLED panel for Apple is made.

The E6-3 production capacity is 15,000 (15K) sheets per month based on the input of 6th-generation glass discs. It is the same as the existing E6-1 and E6-2. If LG Display starts mass production up to E6-3, iPhone OLED panel production can be increased by 50% more than before.

E6-3 investment is expected to exceed KRW 1 trillion. It takes about 2 trillion won to build one 6th generation flexible OLED line with a monthly capacity of 15K. However, the factory site has already been secured, and the organic material deposition equipment and encapsulant (encapsulation technology that protects organic matter from moisture and oxygen) equipment of Japan's Canon Toki are also brought into E6-3, so it is expected to cost slightly more than 1 trillion won.

Several industry insiders said, "LG Display will issue a PO (Purchase Order) for all process equipment next month." The entire process of OLED panel production refers to thin film transistor (TFT), deposition, and encapsulation processes. Orders for post-process equipment such as cells and modules are also expected to follow.

The reason LG Display resumes its E6-3 investment after three years and eight months is the judgment that it should not delay its investment any longer.

Investment articles are pouring in in earnest.
Good luck...
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