LG Display has decided to sell its last LCD production line, as the company plans to completely focus on OLED display technology. TCL CSoT will buy the fab, in Guangzhou, China, for about $1.5 billion.
The two companies hope to complete the transaction by the end of 2024. The fab, originally built in 2014, produces LCD TV panels.
The funds from the sell will assist LGD in funding its upcoming 8.6-Gen 8.6-Gen AMOLED line for IT products, which it is likely to announce soon.
Posted: Aug 05,2024 by Ron Mertens
