As LG Display is reportedly hitting on all cylinders to bring OLED screen production to a couple of big phones, the company is said to be investing in another new plant.

The Investor reports from its sources that two of its existing floors will be expanded starting next month while a plant under planning that was originally intended for larger panels for television products will be repurposed to cater to the explosive demand in the mobile sector.

The total investment of about $3.57 billion will help the company’s facilities ship 120,000 units per month by 2019. For comparison, Samsung Display produces 240,000 units per month and currently has 95 percent of the mobile OLED market.

The next Xiaomi Note and LG V-series devices are said to feature LG-made OLED displays, but it’s not clear if the big fish, Apple, will opt to contract LG Display for a future iPhone if Samsung Display’s capacity continues to grow. Google, though, may be looking at the current chaebol to produce screens for an upcoming Pixel device.

You May Also Like

Samsung becomes the world’s third largest smartphone processor-maker

According to a recent Counterpoint Research paper Samsung managed to become the third-largest processor-maker in the world.

Redmi K30 Pro could be the POCO F2 for India

Redmi K30 Pro is likely to be launched under the POCO brand in India.

Apple’s 2020 iPhones still on schedule despite coronavirus concerns: Report

Analysts had earlier predicted that Apple’s fall 2020 lineup of 5G iPhones might get delayed, but the supply chain woes are getting resolved.