LG Display announced that it will cut 2012 investment by at least 25% compared to 2011, as they see a depressed demand for computers and TVs. Total investment in 2012 will be around $2.8 billion (3 trillion Won) - and LG Display will not build any new factories.
LG OLED TV prototype
It's not clear whether the company will keep to its plans to build a 55" OLED TV pilot plant in 2012 and a $2.8 billion mass production plant in 2014.
Posted: Aug 29,2011 by Ron Mertens
