LGD Moves Forward With OLED Alliance

LG Display CEO Han Sang-beomBack in March, we reported that LG Display was building an ‘OLED alliance’, with companies from Japan, China and the USA (LG Display Plans OLED Alliance). Now, new reports from Asian media have added weight to previous coverage.

MOU signings with Skyworth, Konka, Changhong, TCL and Hisense are expected this month. Some of these companies, say the sources, will receive all of their OLED TV panel supply from LG Display. LGD may lower panel pricing to establish set partners in the industry.