LG really, really wants your next TV, smartwatch, and car to use an OLED panel and, preferably, one that’s come off its new $8.71bn production line. The company’s panel arm, LG Display, has announced a whopping 1.84 trillion South Korean Won investment into a brand new facility dubbed P10, which will cater for what LG predicts will be blockbuster demand for OLED in a range of sizes.
That $8.71bn is only the tip of the iceberg, mind, and the plant — to be constructed in Paju, Gyeonggi Province, Korea — is expected to eventually cost more than five times that amount.
Construction will begin this year, with the initial investment expected to cover the P10 building itself, the foundations for its clean rooms, and the various components of infrastructure for water and power supplies.