LG Display to invest additional $750 million for plant in Vietnam: reports

What They Say

The Korea Times reported that LG Display plans to make an additional investment of $750 million in its plant in Vietnam, which would bring its investment to a total of $3.25 million. It would take on 5,000 additional staff, the report said, to make more OLED modules.

What We Think

Although China might make more sense from a supply chain point of view, Vietnam is often a better location these days because of the trade tension between the US and China. Having said that, LG has been developing its OLED module capacity in Vietnam since before the current phase. (LGD Will Boost OLED TV Module Capacity – 2017) (BR)

LGD Vietnam factory