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LG Display, showing next generation OLED technology at ‘CITE 2018’

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LG Display is showing OLEDs applied to various applications in the ‘China Information Technology Expo 2018’ held in Shenzhen, Guangdong, China from April 9 to 11, 2018.

CITE is the largest information/electronic exhibition in Asia hosted by China’s Ministry of Communications and the local government of Shenzhen, held every year recording more than 1,500 exhibitors participating and about 160,000 visitors attending.

Based on the slogan ‘OLED is already in the spotlight’, LG Display is demonstrating not only picture quality, but also the possibilities of OLED products in terms of application range and design.

OLED is widely regarded as the best display in the world in terms of brightness, color accuracy and viewing angle. In particular, large area OLED, has gained popularity in the premium market, which LG Display has developed uniquely and meets various consumer needs with different image quality and new design potential.

LG Display exhibited the world’s first 88-inch 8K OLED, which was unveiled earlier this year, attracting visitors. It is the largest of all existing OLED TV products and delivers four times (7680×4320 resolution) sharper picture quality than UHD (3840×2160 resolution). OLED is a self-luminous display, and is easy to realize high resolution 8K since there is no brightness drop due to the reduction of the aperture ratio. With LG Display’s innovative process/design and compensation technology added, OLEDs are expected to lead the ultra-large/ultra-high-definition market by realizing true 8K.

<The first 8K OLED TV in the world, source: LG Display>

LG Display also exhibited the 65-inch CSO (Crystal Sound OLED) with speakers, and won the CITE 2018 Technology Innovation Gold Award for the most innovative products. It is an innovative product that makes the sound system internal to the panel, bringing sound directly from the screen. Instead of listening to the sound coming from separate speakers, it matches the position of the screen and sound, maximizing the sense of presence and immersion.

<65 inch CSO (Crystal Sound OLED), source: LG Display>

In addition, it introduces various application possibilities while showcasing a 77-inch UHD wallpapers OLED, which can be closely adhered to the wall to enhance the interior effect of the living room, and a round shaped pillar product consisting of six 77-inch UHD OLEDs.

Meanwhile, LG Display showed OLED lighting in China for the first time in this exhibition. OLED lighting is environmentally friendly because it consumes less power and heat than conventional lightings, and is a premium light source that minimizes eye fatigue by being close to natural light. It is free to implement curved surfaces like OLED displays, and provide consistent light as a unique surface light source. OLED lighting panels are available in various shapes: circular, square, rectangular, and others.

Saying “OLEDs with the potential to expand into a variety of applications will provide differentiated value to consumers,” Yeo Sang-Duk, CMO (chief marketing officer) of LG Display commented “We will continue to lead the OLED market with Chinese customers in the Chinese market where the acceptance of new technologies and new products is the fastest in the world.”

According to the ‘2018 OLED Display Annual Industry Report’ published by UBI Research in February, the OLED market is predicted to grow at an annual average of 22% from US$35.7 billion in 2018 to US$ 78.2 billion in 2022.

LG Display, 70% of facility investment focused on large-sized OLED and POLED in this year

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LG Display announced that it will concentrate 70% of CAPEX(investment cost for future profits) on large-sized OLED and POLED, and among them, the proportion of POLED will be higher than that of large OLED through the 2017 Q1 conference call held on April 26.

Kim, Sang Don, CFO of LG Display said “The specific size and timing of the investment is under review, but investing more than 70% of the investment in OLED remains unchanged.” Also revealed LG Display’s future investment direction by adding “Since OLED investment costs are high, we will deeply examine the confidence of our customers and the certainty of market demand, and will invest in a conservative position.”

LG Display said it will continue to secure LTPS-LCD competitiveness. Kim, Sang Don, CFO said ”We plan to switch the Gumi E5 line to POLED instead of LTPS-LCD in the second half of this year, but we think there still is demand for LTPS-LCD and opportunity for high-resolution smartphone manufacturing.”

For the LG Display’s plan for OLED Lighting business and OLED panel shipment, mentioned “OLED lighting will be produced about 15,000 sheets in the second half of 2017, and POLED will be mass-produced in Gumi E5 at the end of 2Q 2017.

For a plan for OLED TV production expansion, said “The reaction for OLED wall paper TV and Crystal Sound OLED released at CES 2017 in January this year, is better than expected in the TV market.” and mentioned “We expect OLED TV shipments to reach 300,000 units in 1Q and 500,000 units level in each quarter of the second half of this year.”

The forecast for ultra-large TV market in 2017, it is forecasted “LG OLED TV occupies an overwhelming share in ultra-large OLED TVs of 60 inches and above, and the ultra-large TV market is expected to grow continuously and record more than 30% of growth rate in the future.”

For the LG Display’s counterplan forward for the Chinese panel makers’ LCD technology, mentioned “Until 2020, it is concerned that the Chinese LCD panel makers are expected to improve their LCD technology and invest in Gen 10, however, LG Display’s IPS technology, consistent quality of mass production and stable supply chain are enough to overcome.”

Meanwhile, said that the sale proportion by product based on LG Display’s sales amount in Q1 this year were 43% for TV panels, 26% for mobile panels, 16% for notebooks and tablets, and 15% for monitors. Also, quarterly operating profit reached a record profit of 1.269 trillion won through continuous overall price increase trend of panel and the mix operation of profit-oriented products of high-resolution, high-end IT products and etc.