Arab Today, arab today lg display to spend 833bn won for smartphone panels
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

LG display to spend 833bn won for smartphone panels

Arab Today, arab today

Arab Today, arab today LG display to spend 833bn won for smartphone panels

Seoul - Yonhap

LG Display Co., a South Korean panel maker, said Friday that it plans to spend a total of 833 billion won (US$752 million) to expand its facilities in the country to meet the growing demand for liquid crystal display (LDC) panels used for smartphones. In a statement, LG Display said the investment will be for the establishment of a production line in Gumi, 261 kilometers southeast of Seoul, for the sixth-generation LCD panels. The new LCD line will start production during the third quarter of next year and generate around 9 inch or smaller 600,000 panels a month. LG Electronics Inc., the world\'s third-largest smartphone maker, unveiled its latest high-end smartphone, the LG G2 earlier this month.

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