According to Businesskorea, LG Display announced that it is investing in the sixth-generation OLED panel as planned, and will continue to invest in the sixth-generation OLED before the first half of 2024.
In addition, the investment in the eighth-generation OLED has not been finalized, and LG Display emphasized that the company will make investment decisions after carefully examining the possibility of technological advancement, the degree of technological advancement, and whether the technology can improve the company’s profits.
It is noticed that LG Display expects that the investment in 2024 will be lower than this year. “Because of the characteristics of the display industry, we need to order materials for investment in advance, and the investment is made over a long period of time. Therefore, it is not necessary to flexibly manage large sums of money to adjust the investment amount according to the company’s situation,” an LG executive said. Easy. This year, we are investing in the mid-to-high range of our existing guidance, while additionally working on cost-efficiency.”
“We haven’t finalized our investment volume and business plan for 2024,” the executive added. “However, we have reviewed ongoing investments and other plans. We now believe that next year’s investment volume will be less than this year’s.”