LG Display announced its results for Q2 107 – revenues increased 13% from 2016 to KRW6.63 trillion (around $6 billion USD) and net income reached KRW737 billion ($660 million USD). TV panels accounted for 46% of LGD’s revenues, mobile devices 22% and desktop monitors and tablets and notebook displays accounted for the rest. In addition to the earning results, LGD detailed its investment path for OLEDs, as was decided in a recent board meeting. First of all, LGD decided to build a 10.5-Gen (2940×3370 mm) OLED line in its upcoming P10 fab in Paju. LGD will make an up-front investment of KRW2.8 trillion ($2.5 billion USD). The whole fab will require more investments but LGD says it is taking a prudent approach – it will only begin mass production of OLED TVs after stabilizing the technology for these extra large size substrates. Read more about LGD announces $7 billion in new OLED investments: a 10.5-gen and 6-Gen lines in Paju and a 8.5-Gen line in Guangzhou

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LGD announces $7 billion in new OLED investments: a 10.5-gen and 6-Gen lines in Paju and a 8.5-Gen line in Guangzhou