lg display to spend 833bn won for smartphone panels
Last Updated : GMT 18:26:54
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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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