JimmyBox
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LG Display recently announced that it is proceeding with its planned investment in the 6th generation OLED panel and aims to continue this investment before the first half of 2024.
In addition, the investment for the 8th generation OLED has not been finalized yet. LG Display emphasizes that the company will carefully assess the potential of technological advancements, the extent of these advancements, and whether they can enhance the company's profitability before making any investment decisions.
LG Display anticipates that the investment amount in 2024 will be lower than the current year. LG executives stated, "Due to the nature of the display industry, we need to order materials in advance for investments, and investments are made over a long period of time. Therefore, it is not easy to flexibly adjust the significant funds according to the company's situation. This year, we have made investments in the mid-to-high range within the existing guidance price, while also making efforts in cost-effectiveness."
"We have not yet determined the investment amount and business plan for 2024," the executive added, "but we have reviewed the ongoing investments and other plans. We now expect that the investment amount for next year will be lower than this year's."
LG Display's careful approach to investment decisions shows its commitment to evaluating the potential benefits and profitability before proceeding with future investments in display technologies. As the display industry continues to evolve, LG Display's strategic investment decisions will likely shape the future of OLED technology and its impact on the market.
In addition, the investment for the 8th generation OLED has not been finalized yet. LG Display emphasizes that the company will carefully assess the potential of technological advancements, the extent of these advancements, and whether they can enhance the company's profitability before making any investment decisions.
LG Display anticipates that the investment amount in 2024 will be lower than the current year. LG executives stated, "Due to the nature of the display industry, we need to order materials in advance for investments, and investments are made over a long period of time. Therefore, it is not easy to flexibly adjust the significant funds according to the company's situation. This year, we have made investments in the mid-to-high range within the existing guidance price, while also making efforts in cost-effectiveness."
"We have not yet determined the investment amount and business plan for 2024," the executive added, "but we have reviewed the ongoing investments and other plans. We now expect that the investment amount for next year will be lower than this year's."
LG Display's careful approach to investment decisions shows its commitment to evaluating the potential benefits and profitability before proceeding with future investments in display technologies. As the display industry continues to evolve, LG Display's strategic investment decisions will likely shape the future of OLED technology and its impact on the market.
