LG Display today said it plans to invest about $8.5 billion in OLED displays for television sets, smartphones, and wearables. The company wants to boost its capabilities with the technology to stay ahead of the adoption curve as OLED becomes more mainstream. OLED screens offer improved color and are more power efficient than LCDs, but they are more costly to manufacture at the present. Making large panels for television sets is particularly pricey. LG Display plans to improve its abilities in order to lower the cost for manufacturing OLED screens for TVs, while also making flexible OLED panels for smartphones and wearables. It eventually hopes to push OLED adoption to other form factors, such as signage and automobiles. LG Electronics uses OLED is some of its products, but the majority of its smartphones still use LCD panels. Samsung has adopted OLED screens across a much wider swath of its handsets and tablets.


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