LG Display announced that it will invest $1 billion to increase its OLED module fab capacity in Vietnam's Hai Phong Economic Zone. This will bring LGD's total investment in Vietnam to date to $5.65 billion.
LG Display first built its Hai Phong facility in 2016, and it then expanded capacity several times. The last capacity increase was announced in 2021.
A few months ago Samsung Display announced its own $1.8 billion plan to expand its OLED module production capacity in Vietnam (bringing Samsung's total investment in Vietnam to $22 billion). Last year it was reported that BOE also plans to construct an OLED module fab in Vietnam, which is becoming a major hub for OLED module production facilities.
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Posted: Nov 16,2024 by Ron Mertens
