What They Say
Reuters reported that the Vietnam government has licensed LG Display to invest $1/4 billion in the city of Hai Phong for OLED module assembly. The report said that 10,000 new jobs would be created with export revenue of $6.5 billion. Capacity is reported to be expanding from 9.6 to 10.1 million units per month to 13 to 14 million. The investment will bring LGD’s total to $4.65 billion.
The Joongang Daily said that the factory would finish panels from smartphones to TV. It quoted Omdia as reporting Q2 TV OLED panel sales by LGD at 945,600 units.
What We Think
The firm has been busy with OLED expansion plans and last month announced a boost to its small OLED capacity in Korea (LGD to Increase pOLED Capacity with a $2.8 billion Investment) (BR)
