According to a news article on the Digitimes website LG Display has decided to invest KRW10 trillion (US$8.63 billion) over the next three years to expand its AMOLED production capacity. This will be mainly to set up P10 factory which can house more than six AMOLED production lines.
The investment includes KRW1.5 trillion to set up a Gen-6 AMOLED production line with monthly capacity of 7,500 substrates, producing flexible AMOLED panels for use in automotive displays and smartphones.
With the first phase to begin operations in the second half of 2018, P10 will become the world's largest production base for AMOLED TV panels.
By 2018 LG Display's total AMOLED production capacity will be more than 3.6x the production capacity operating in 2015, with 72% of the additional capacity to be focused on producing OLED TV panels and 28% flexible AMOLED panels for automotive displays and smartphones.
The research article noted that LG Display has significantly raised yield rates for OLED TV panels and AMOLED displays can offer market segmentation from TFT-LCD panels to secure profitability. The TFT panel market is facing strong competition due to large expansion of Gen-8.5G production facilities in China.