LG Display reported an excellent Q4 2016, with the company's highest quarterly operating profit of $775 million USD. The main drivers for this profit were higher prices of large size LCD panels and a weak Korean Won rate (which also boosted Samsung's profits).
LGD also updated on its OLED program. The E5 flexible AMOLED fab is expected to start production in Q3 2016 - which is a slight delay because LGD aimed to start production in the first half of 2016.
Regarding LGD' OLED TV business, LGD updates that its yield (for all panels, it seems) is now over 80%. LGD says it had a market share of 80% of the premium TV market in 2016. In 2017 the company aims to ship between 1.5 million to 1.8 million OLED TV panels. 60% will be 55" panels and the rest will be 65" and 77" ones.
LGD also aims to continue converting its LTPS LCD fabs to OLED production. It will make a decision regarding the next step in the second half of 2017. LGD's total Capex will be 5.5 to 5.8 trillion Won (around $5 billion USD) in 2017, and 70% of that will go to its OLED business (up from 50% in 2016)
