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© pichetw dreamstime.com_hand pushing information button on touch screen Business | November 19, 2015

LG Display to invest billions in new OLED fab

LG Display is planning to invest more than USD 4 billion in new OLED facilities – as the company is gearing up to meet market demands as of 2017 and forward.
The company plans invest up to USD 4.2 billion in order to set up new facilities – named P10 – in Paju, South Korea. The company has been increasing both its production and investment in OLED in order to meet the upcoming demand for both smartphones, tabled and TV applications, according to a report in DigiTimes.

Production at the new fab is expected to being sometime between 2017-2018, the report concludes.
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