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LGD Recovers Will Double OLED TV Panel Shipments in Q320 from 650K to 1.4m
 
LG Display expects to ship 1.4m OLED TV panels in Q320 as it has started operating its 8.5 Gen OLED panel fab in Guangzhou on normal scale and it is seeing increased demands for large TVs due to people spending more time at homes and upcoming end of the year spending season. The company expects to ship two million panels in the fourth quarter. Omdia estimates that LG Display’s OLED TV panel shipments in the third quarter will be around 1.43 million units, almost doubles the number of LG Display’s shipments in the second quarter at 652,500 units.“ the Guangzhou fab on full scale starting from this month at the earliest. The fab, which manufactures 48, 55, 65, and 77-inch panels, has a capacity of~60,000 substrates/month. LG Display’s Paju fab has a capacity of 70,000 substrates/month. LG expects to increase the production capacity of the Guangzhou fab to the maximum of 90,000 substrates/month. Omdia estimates that LG Display’s shipments in the fourth quarter will be 2.01 million units, which is more than 60% of the company’s entire shipments in 2019 at 3.29 million units. 2020 shipments will be around 4.93 million units while next year’s shipments could reach 8 million panels. LG Display believes that it will be able to manufacture 10 million 55-inch OLED panels annually when it maximizes production capacities of the two fabs. From: etnews.com