LG to invest heavily in OLED TV, mass production will start next year


LG started the sales of their flagship Smart TV based on OLED technology today. With over 100 pre-orders for a 55 inch television priced over USD 10,000 (yes, more than ten thousand American Dollars), this was clearly news. But 100 televisions do not make any impact on a global market. LG obviously knows this and is investing in manufacturing facilities to ramp up production. The South Korean company has decided to invest USD 655 in their P9 factory in Paju, South Korea where the 8th generation OLED TV’s will be produced. Large scale production will bring prices down so the competition with other technologies like 4k or Ultra HD is getting more serious.