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Technology Stocks : OLED Universal Display Corp
OLED 119.05-1.5%Aug 5 4:00 PM EDT

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From: Ravid.Ron7/27/2021 10:14:19 PM
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LGD to exceed 10 million OLED panel supply for TV next year

LG Display predicted that the supply of OLED panels for TVs will exceed 10 million units next year. It is also preparing for the possibility of a decline in the price of LCD panels for TVs, and has also revealed its will to strengthen the LCD field for IT.

At a conference call for the 2nd quarter of 2021 earnings announcement held on the 28th, LG Display said, "If the Guangzhou plant in China has an additional production capacity of 30,000 sheets, the supply of OLED panels for TV in 2022 will be about 10 million units." "Additional productivity If we supplement this, we can have a supply system of 11 million units by 2023.”

He emphasized that there will be no delay in profitability due to additional investment in the OLED business.

LG Display explained, "In the case of a large-scale investment, we will execute it based on a thorough preliminary review of whether the capability is sufficiently secured and the quantity and profitability after the investment."

In relation to POLED (Plastic Organic Light Emitting Diode), additional investment in the IT mobile sector is under review. He said that he would communicate with the market as soon as the review is finalized and can be shared.

LG Display announced that it has converted a large part of LCD equipment for TVs to IT. LG Display said, "LCD structure innovation does not mean giving up the LCD business, and the key is to further strengthen the areas that can differentiate competitiveness." LCD capacity has halved from the previous maximum, but we will respond to market fluctuations through strategic customers similar to IT while operating mainly on high-margin large-sized businesses.”

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