LG Display investing in OLED light panel manufacturing facility

PanARMENIAN.Net - LG Display is investing in an OLED light panel manufacturing facility as the panel maker looks to new revenue sources beyond the television and mobile segments. The plant will mark LG's foray into the general lighting market, with the vendor looking to focus on flexible OLED light panels, Android Central reports.

The initial focus for the factory will be to produce lighting for high-end commercial stores, following which LG will turn its attention toward the consumer market:

“The company will firstly focus on task lighting and decorative lighting in high-end retail stores and in luxury hospitality; and expand to the general lighting market going forward. Also, the company will focus on automotive and convergence applications such as OLED light panels merged with furniture, architectural materials, electronic devices and more.”

The plant will have an initial monthly capacity of 15,000 sheets, with production set to commence starting early next year. It will be interesting to see the hardware that LG will offer in this space, particularly in the connected home segment.