LGD is actively expanding OLED, Guangzhou factory is expected to be approved, Vietnam factory has been opened

Apple Inc.'s adoption of OLED panels and OLED TVs are increasingly popular, driving the industry to take off. South Korean panel giant LG Display (LGD) is actively expanding its production capacity. It is expected that the Guangzhou plant investment case is expected to be approved, while Vietnam's OLED module is expected. The factory has officially opened.

BusinessKorea reported on the 5th that LGD's eight-generation OLED panel factory in Guangzhou is expected to be approved by the South Korean government in the second or third week of December. Since OLED is still an important national technology in South Korea, every overseas OLED panel factory in South Korea has to be approved by the Ministry of Industry, Trade and Industry (MOTIE) of the Republic of Korea. The market predicts that MOTIE will soon approve LGD's Guangzhou OLED panel factory.

According to industry news, LGD's Guangzhou Panel Factory is scheduled to make initial investment in the first quarter of next year and put into production in 2020. It is expected to produce 2.6 million OLED TV panels per year. LGD's current OLED TV panel production capacity is only 1.7 million pieces per year.

On the other hand, Pulse by Maeil Business News Korea reported on the 5th that LGD's OLED module factory in Vietnam has officially opened, mainly producing OLED panels for Chinese mainland TV and smart machine manufacturers.

Before the end of 2020, LGD plans to invest an additional 1 trillion won (equivalent to approximately RMB 6.09 billion) for the Vietnam OLED module plant and expand the number of local employees from the current 5,000 to 20,000.

Japan’s private research institute Yano Economic Research Institute released a survey report on November 24, indicating that Apple’s OLED panel was launched on the iPhone X, which was launched on November 3, 2017, to boost the overall market size of global OLED panels in 2017 (including wisdom). Mobile phones, TVs, smart watches, etc.) increased by 12.3% to 473 million, and Apple is expected to expand its adoption of OLED panels in the future, and mainland manufacturers follow the footsteps of Apple. Therefore, it is estimated that global OLEDs will be 2018. The panel market will show rapid growth, with an estimated 34.1% increase to 635 million.

Yano pointed out that due to optimistic demand for OLED panels, panel manufacturers such as Sharp, Japan Display Inc (JDI), BOE, Huaxing Optoelectronics (CSOT) and Tianma Microelectronics are actively investing in equipment. It is estimated that the above manufacturers will The official production of OLED panels will begin in the period of 2019-2020. In addition to the demand from smart phones, the demand for OLED panels for TVs is also expected to expand. Therefore, the global OLED panel market is expected to expand to 1.5 billion in 2020. The level of 10,000 films will increase by 2.6 times (by 264%) compared with 2016 (420 million pieces).


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