LGD to Spend $2.81B on Gen 6 OLED Fabs for Small, Medium Panels

LG Display’s board voted Friday to authorize spending 3.3 trillion South Korean won ($2.81 billion) to build new fabs in Paju, about 20 miles northwest of Seoul, for producing small and medium-sized OLED panels, said LGD in a 6-K filing Tuesday at the SEC. The investment will enable the LGD “to better respond to market demand,” it said. Construction is scheduled to begin this quarter and continue until Q1 2024, but the start of production will depend on “market conditions” and LGD’s “internal schedule,” it said. LGD is configuring the Paju fabs for Gen 6 panels targeted at laptops and tablets, emailed Display Supply Chain Consultants co-founder Bob O'Brien.