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After Q2 Grill, LG Display Stalls Conventional Investment to Bank into OLEDs

After witnessing a Q2 operating loss of 228 billion won ($202.1 million USD), LG Display has said plans to plummet its investment on conventional display business by $2.7bn the amount it plans to invest by 2020.

After witnessing a Q2 operating loss of 228 billion won ($202.1 million USD), LG Display has said plans to plummet its investment on conventional display business by $2.7bn the amount it plans to invest by 2020.

LG Display is the world’s second-largest display maker by sales which hinted towards the last uncertain outlook for the global smartphone market.
“LG Display will invest Won3Tn ($2.7bn) less than originally planned by 2020 by adjusting the timing and amount of investment while continuing to speed up the shift toward an OLED-focused business,” said Don Kim, chief finance officer.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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