LG Display to invest extra $1 bn in Vietnam OLED plant

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LG Display Co.will invest an additional $1 billion in Vietnam over the next five years to ramp up organic light-emitting diode (OLED) panel output, according to media reports, after selling its large-size liquid crystal display (LCD) plant in China for $1.5 billion.

In September, Samsung Display signed a preliminary agreement to build a $1.8 billion OLED plant in Yen Phong Industrial Park, east of Hanoi in the province, according to Vietnamese and foreign media reports.

LG Display has completely withdrawn from the large-size LCD market by selling its plant in China to TCL China Star Optoelectronics Technology Co.(CSOT) for 10.8 billion yuan ($1.5 billion) in September.

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Article Details

Category: Economy

Markets: South KoreaChinaVietnam

Topics: China Billion Korean Vietnam Build Display Panel Oled Plant Additional Samsung

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 13:31:04 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 275 words

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News ID: 23624079

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