According to news reports, last year, LG's mobile phone business faded out of the Chinese market. In fact, they had given up the Chinese market for more than a year, and only officially confirmed last year. In fact, the performance of LG mobile phones has been unsatisfactory and has been severely squeezed by local brands. Not only LG, but even Samsung, as the world's largest mobile phone brand, has not performed well in China.
However, LG did not completely abandon all its business in China. According to reports, LG's new plant in Guangzhou is about to start producing OLED panels. LG Display CTO Jiang Weibing said that once the expansion of the Chinese factory is completed, it can provide a monthly production capacity of 130,000 OLED panels.
You should know that most mid-to-high-end mobile phones and personal terminal screens on the market now like to use OLED panels, but in the past they mainly relied on Samsung’s supply. Of course, Samsung’s best screens will give priority to its own S series or Note series products, and other manufacturers use The product will be slightly worse.
OLED panels have lower power consumption and better display effects. Because of their self-luminous characteristics, the overall effect is very good, and they are deeply loved by mobile phone and other terminal equipment manufacturers. Although LG did not specify which product businesses the factory has this time, it is speculated that mobile phone screens are the most important, as well as the types of panels supplied for automobiles and TVs. However, LG also has an OLED manufacturing plant at the back of Seoul, South Korea, which mainly supplies the needs of automakers.
The current global market environment is not ideal. Samsung has certain advantages in OLED panels and has recently accelerated production. Affected by this, LG Display has suffered its first loss in six years, and Japanese and Chinese panel makers are also changing their layout. But it is undeniable that OLED is still a very popular screen type on the market, and there is a very broad application space in the future.
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