LG shows that it will invest in the production of the sixth generation of OLED panels, while the eighth generation is still waiting and seeing.

CTOnews.com, July 27, according to Businesskorea, LG has announced that it is investing in the sixth-generation OLED panel as planned and will continue to invest in the sixth-generation OLED until the first half of 2024.

In addition, the investment of the eighth-generation OLED has not been finalized, and LG shows stressed that the company will carefully examine the possibility of technological progress, the extent of technological progress, and whether technology can improve the level of profits of the company before making investment decisions.

CTOnews.com notes that LG shows that investment in 2024 is expected to be lower than this year. "because of the characteristics of the display industry, we need to order the materials needed for the investment in advance, and the investment is made over a long period of time," said LG executives. "therefore, it is not easy to flexibly manage large amounts of money to adjust the amount of investment according to the situation of the company. this year, we are investing in the middle and high end of the existing guidance prices, while making additional cost-effective efforts."

"We have not yet determined the amount of investment and business plan for 2024." "however, we have reviewed ongoing investments and other plans," the executive added. we now believe that next year's investment will be lower than this year. "