LG investing almost a billion dollars in flexible OLED screens

LG investing almost a billion dollars in flexible OLED screens

LG is betting on flexible displays; they’re building a brand new plant to massively produce tons of flexible OLED screens. The plant, which is being erected in South Korea’s southern city of Gumi, will cost $908 million over two years and plans to be operational during 2017, according to an LG regulatory filing. LG and Samsung are the two main companies producing flexible OLED screens.

Flexible displays have only recently been used in smartphones, but the screens also have uses in cars, wearables and TVs.

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