Spend about 18.2 billion yuan!

LG Display said on Tuesday (August 17) that it will spend 3.
3 trillion won (about 18.
2 billion yuan) to expand small and medium-sized OLED production capacity
.

Source: apple

The company will expand its Gen 6 (1500x1850mm) Paju OLED fab from 30,000 substrates per month to 60,000 substrates per month by 2024
.

LG Display did not disclose details of its investment plans, but the funds will likely be used to build new E6-3 and E6-4 production lines at the Paju plant, each with a capacity of 15,000 substrates per month, as well as additional upgrades.
There are production lines and the addition of advanced processes,
etc.

The E6-3 is likely to be a flexible OLED line like the E6-1 and E6-2
.
Meanwhile, the E6-4 is likely to be a rigid OLED line
.
Apple plans to launch a new iPad with an OLED panel; LG Display will start supplying OLED panels for the lineup a year later, in 2023
.
The first OLED panels on Apple's tablets will be rigid OLED panels
.

LG Display's new investment announcement suggests its role in Apple's supply chain is gradually increasing, and it's unlikely that the South Korean panel maker will spend so much money on its production line without prior discussions with Apple
.

According to TheElec, LG Display has ordered equipment for the E6-3
.
The company expects to ship about 50 million OLED panels to Apple this year, double the 25 million it supplied last year
.
LG Display may also try to minimize capacity declines due to the addition of low-temperature polycrystalline oxide thin-film transistor (LTPO TFT) processes through additional spending plans
.

LTPO TFT can reduce the power consumption of OLED panels
.
This process is added after the low temperature polysilicon (LTPS) TFT process
.
But adding this process increases the total process steps in production and reduces panel yields
.
This means that overall production capacity also needs to be increased to offset this reduced yield
.
(Translated from THE ELEC)