The display arm of South Korean tech giant LG has announced plans to expand the production capacity of its TV OLED factory in Guangzhou, China, to meet the rising demand for its TV OLED panels. TheElec mulled the report, which hinted that the 60,000 substrates per month factory would be expanded to 90,000 substrates per month before July 2021. The details of the expansion, which will increase the factory’s capacity by 50%, show that each of the 30,000 capacity lines in the factory will be scaled up to produce additional 15,000 units each, starting from the first week of July.
LG will not be spending many resources in carrying out the upgrade. Specifically, improvements will be made to the deposition kit’s equipment to enable a shorter turnover time. This will combine with the deployment of an already installed oxide thin-film transistor backplane with 90,000 capacity but under-utilized before now.
The factory upgrade will give LG Display up to 170,000 substrates per month when its factory in South Korea is factored in. LG continues to make progress within the display arm of its business model. It has projected up to 8 million units of its OLED panels to be shipped this year, substantially higher than its estimates for 2020, which was 4.5 million units.
LG has had a mixed bag of fortunes across its businesses in recent years. This led to the shedding off of some of its unproductive units and outsourcing of others. The moves were aimed at stemming the tide of negative financial results in its balance sheet. LG Display is one of the few businesses that continue to post impressive results, together with a positive outlook in the years to come.
RELATED:
