Previously, LG Display President Lu Xiangde said at the "2016 China OLED Display Industry Summit" held by China's OLED Display Industry Alliance that 2017 will be the turning point for the substantial growth of the global OLED market. Previously, foreign media reported that LG will make some major adjustments to its display business. In the future, LG will focus on developing the OLED display business. And the current department structure is being adjusted to accelerate the transition of smartphone and TV product lines to OLED displays.
LG OLED TV
LG will reorganize the five departments of TV, OLED, IT, mobile phone and AD. After the reorganization, only the three departments of TV, mobile phone and IT will be left. The report said that LG's mobile phone division will transition from LCD screens to new plastic OLED screens, and said LG will increase production of OLED screen E5 production lines in the first half of 2017.
Although the outside world believes that OLED will develop in the future, the problem of controlling the yield and cost of OLED development has not been improved. If LG's display is fully transformed into OLED, it will face difficulties for LG. It is worth mentioning that the OLED screen of the production line is said to be supplied to Apple's next-generation iPhone. In addition, LG will build a new E6 P-OLED production line.
In addition, LG TV will also integrate LCD and OLED display businesses, while IT will continue to produce LCD displays for desktops and notebooks. Last but not least, LG has already announced that it plans to invest 1.99 trillion won (about 1.75 billion US dollars) in Korea's flexible OLED screen factory, but LG has not responded to this latest business integration report.
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