South Korean display manufacturer LG Displays invests $8.7 billion in a new OLED factory. The company wants to ramp up the production of the new type of display. OLED can display deep black levels and can be thinner and lighter than a liquid crystal display (LCD). In low ambient light conditions (such as a dark room), an OLED screen can achieve a higher contrast ratio than an LCD and it's expected OLED will replace LCD over time.
Apple, one of the LG Display's customers, reportedly wants to start using OLED displays in its iPhones by 2018. In August LG Display already announced it would make a major investment in the improved display technology. The new factory will likely start mass production in the first half of 2018.
Also competitor Samsung Display is expected to pay more attention to OLED. The company also produces OLED displays for the Apple Watch and according to insiders it has a team of 200 employees that exclusively work for Apple products.
The two South Korean technology giants are the largest OLED manufacturers in the world.
