LG to invest $650mln in OLED manufacturing February 18, 2013 - 18:11 AMT PanARMENIAN.Net - LG has said it will invest $650 million in organic light emitting diode (OLED) screen manufacturing, The Inquirer reports. LG has invested heavily in OLED technology and has shown off prototype OLED televisions in the past few years. Now the firm is set to invest in bringing the cost of that technology down by spending $650m to build the next generation of OLED television screens. LG showed off 15in OLED screens as far back as January 2009 and while the displays were quite impressive, cost made it nothing more than an engineering exercise. However it seems the firm is ready to invest in bringing the technology to market by ploughing significant capital into manufacturing next generation television screens, The Inquirer says. Last week Samsung dropped its request for an injunction against LG over OLED screens. The two firms have been fighting an 18 month legal battle over OLED trade secrets, and although Samsung dropped its injunction request, the two firms and several ex-Samsung employees are still facing legal action. Both LG and Samsung manufacture small OLED displays for smartphones and tablets, however both firms see the technology as vital for the next generation of low power televisions.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news U.S. warns Georgia not to side with Moscow against the west  Georgia has been warned by the U.S. not to become an adversary of the west by falling back in line with Moscow.Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for childrenMoscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said.Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. |
