Digitimes reports that LG is planning to allocate $3.55 billion to further expand their 8-Gen OLED fab in Paju. A final decision is expected by the end of November. This massive investment will enable LGD to increase its capacity by 40,000 monthly substrates, which means LGD will have a total capacity of almost 80,000 monthly substrates.

In August 2015 LGD announced plans to invest around $8.5 billion in OLED capacity in the next three years, and they are now allocating these funds. Interestingly, Digitimes says that the new Gen-8 fab will be used to make both OLED TV panels and small/medium flexible AMOLEDs - to be used in mobile phones and other devices. LGD already committed to a Gen-6 flexible AMOLED fab, so it makes more sense that they will build a dedicated OLED TV fab in a bid to dominate the OLED TV market.

In April 2015, US-based OLEDWorks announced it will buy Philips' OLED business activity - including the production facility located in Aachen, Germany, and relevant IP. OLEDWorks was granted a license by Philips to market its OLED light source components under the Philips brand, and Philips will remain a distributor of the panels through its OEM sales channels.

Today OLEDWorks announced that the acquisition is complete. OLEDWorks has worked to re-brand their website and all of their owned digital properties to integrate Lumiblade product offerings and maintain a seamless transition for new and existing customers. OLED panel Manufacturing will continue in Aachen.

Today we published new versions of all our market reports - that cover the transparent, automotive, microdisplay  and flexible OLED markets. OLED-Info provides comprehensive niche OLED market reports, and our reports cover everything you need to know about the niche market, and can be useful if you want to understand how the OLED industry works and what this technology can provide for your own industry. The reports are now updated to November 2015.

The Flexible OLED Market Report:

• Why flexible displays and lighting panels are so exciting
• What kind of flexible displays are currently on the market
• What the future holds for flexible OLEDs
• How to acquire flexible OLEDs for your products

The report package provides a good introduction to the flexible OLED market - present and future. It details both flexible displays and lighting technologies. Read more here!