LG Display said on Thursday it will invest nearly $1 billion to build a fourth organic light-emitting diode (OLED) display factory, pinning its future firmly on the high-end next-generation technology.
The world's biggest maker of liquid crystal displays (LCD) later said April-June operating profit tripled on year, marginally exceeding analyst estimates. But it said overall panel shipments are likely to be flat in the third quarter from the second, and that it expects average panel prices to decline.
OLED investment could give the South Korean manufacturer a leg up against competition in markets as varied as television sets, smartphones and automotive devices. The differentiation could be critical to long-term success as low-priced Chinese rivals boost LCD panel production.
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