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LG Display to Build 77” OLED Panels in Guangzhou
August 25, 2019
 
LG Display will ramp up mass production of 77-inch OLED panels at its new factory in China in 2020, according to a report. LG Display has been producing 77-inch OLED panels at its 8.5G plant in South Korea for a few years now. However, 77-inch OLED TVs remain prohibitively expensive, which is reflected in low sales of just 27,000 units worldwide last year, according to IHS. Next year, LG Display - who is supplying panels to LG, Sony, Panasonic, Philips, and others - will ramp up mass production of 77-inch OLED panels at its new factory in Guangzhou, China, which will start operating later this month. Initially, the factory will produce mainly 55 and 65-inch panels. In 2020, the Guangzhou fab will add an MMG capability and produce 2 48” panels with every 3 65” panels. Theoretically, LG could produce 3 48” panels on a substrate with 2 77” panels, thereby increasing the glass utilization and lowering the price of the 77” panel. Consumers' preference for large-size TVs is growing rapidly, according to data from IHS Markit. In 2018, sales of 70 to 79-inch TVs grew 378%. LCD TVs comprise by far the largest share in this segment. From: Business Korea