LG Display
History
LG Display Co., Ltd. is a South Korean electronics company that is one of the world's largest manufacturers and suppliers of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs, and flexible displays. Established in 1985 as GoldStar, it later became LG Semicon, producing both semiconductors and liquid crystal displays. In 1999, it merged with Hynix, then known as Hyundai Electronics, which resulted in a new company called LG. Philips LCD Co., Ltd. LG Electronics and Philips Electronics of the Netherlands were the company's original joint venture partners, but Philips sold off its shares in subsequent years.
Technology
LG Display uses TFT-LCD and OLED technology to manufacture its display panels. TFT-LCD, or Thin Film Transistor Liquid Crystal Display, is a type of LCD flat-panel display screen in which each pixel is controlled by one to four transistors. The TFT technology provides the best resolution of all the flat-panel techniques, but it is also the most expensive. OLED, or Organic Light Emitting Diodes, is a flat light emitting technology, which consists of a series of organic thin films placed between two conductors. When electrical current is applied, a bright light is emitted. OLEDs are used to create digital displays in devices such as television screens, computer monitors, and portable systems such as smartphones.
Manufacturing
LG Display has several manufacturing plants in Korea and China. The Paju Complex, located in Paju, South Korea, is the company's main production facility. It is the world's largest display production complex and has been in operation since 2009. The complex includes production lines for both TFT-LCD and OLED panels. The Guangzhou Complex in China is another major manufacturing site, which focuses on the production of large-size OLED panels.
Products
LG Display produces a wide range of products, from small displays for smartphones and tablets to large TV screens and digital signage. The company also produces OLED light panels for lighting applications. LG Display's OLED TV panels have been recognized for their superior image quality and have been adopted by many leading TV manufacturers worldwide. The company also leads in the digital signage market with its innovative and high-quality display solutions.
Market Position
As of 2020, LG Display holds a significant share in the global display market, particularly in the large panel segment. The company has consistently maintained its leadership position in the OLED TV panel market. LG Display's strategic focus on OLED technology has allowed it to establish a strong presence in the premium TV market.
Challenges and Controversies
Like many companies in the electronics industry, LG Display has faced challenges and controversies. These include competition from other display manufacturers, fluctuations in market demand, and issues related to intellectual property rights. Despite these challenges, LG Display has remained committed to its business strategy and continues to invest in research and development to maintain its competitive edge.
Future Outlook
The future of LG Display looks promising, with the company continuing to invest in new technologies and expand its product portfolio. The company's focus on OLED technology is expected to drive growth in the coming years. LG Display is also exploring new business opportunities in areas such as automotive displays, virtual reality, and artificial intelligence.