LG will invest 8.5 billion US dollars for soft OLED panel

On this Monday, LG announced it will focus on the investment of OLED panel, they believe OLED panel will be the future. LG said in following three years, it will invest about 8.5 billion US dollars. It will be mainly used for big size OLED products, smart phones, tablets pc, or smart wearable products. It will also be adopted by autos as well in future.

OLED is not a new technologies, its color rendition and power consumption is very good, that is why it is not widely adopted by smart phones and tablets pc. If LG can improve the color rendition and power consumption, it will be main stream.

Now, OLED panel is adopted by Samsung and Apple for their smart phones. But for some big size products, like TV set etc, its price is much higher than other LCD products. Samsung said the OLED TV is still too expensive.

Now, LG display and LG have already started to promote their OLED technology to TV suppliers, but if the cost can not go down, it will not be widely adopted.