LG Display considers investment to boost plastic OLED production

Thursday, 3 July 2014 01:24 - - {{hitsCtrl.values.hits}}

A Google employee wears an LG G Android Wear smartwatch while using his phone at the Google I/O developers conference in San Francisco last week. The LG G watch was announced along with the Samsung Gear Live during the conference keynote – REUTERS.

REUTERS: LG Display Co said last week it is considering making investments to boost production of plastic OLED displays ahead of an expected surge in demand for wearable devices and smartphones. “We will consider during the second half of this year whether to invest to add an additional production line (for the screens),” LG Display quoted Chief Executive Han Sang-beom as saying at a meeting with reporters. He did not comment on how much the company would invest. Adoption of plastic OLED displays for mobile devices is expected to pick up in part because they are lightweight and can be curved to accommodate new forms of smartphones and smartwatches. While LG Display already supplies plastic OLED displays to LG Electronics Inc, for the LG Group affiliate’s curved-display G Flex smartphone, the company said it would need to expand production capacity to meet growing demand for new handsets and wearable devices. “(LG Display) will likely make additional investments based on the change in the key specifications for mobile devices,” Hana Daetoo Securities analyst Nam Dae-jong said. A source told Reuters last month that the South Korean firm is the exclusive supplier of screens for the initial batch production of Apple Inc’s first smartwatch, the face of which will protrude slightly from the band and have an arched shape. LG Display declined to comment on the matter.

A demo LG G Android Wear smartwatch

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