LG’s recent announcement of investing an additional billion dollars into OLED panel production facilities has sparked excitement among flat panel enthusiasts. The plan is to ramp up the production of OLED displays across various devices, from smartphones to TVs. This move is expected to boost production by around 20% this year compared to 2023. While this increase is promising, the true impact of this investment may not be immediate, as it takes time to see the results in terms of enhanced production capacity and potentially lower prices.
LG’s decision to invest in OLED production comes at a time when other major players in the industry are also making significant financial commitments. Samsung, for instance, recently announced a $3.1 billion investment to transition an LCD panel factory into OLED production. Similarly, BOE unveiled an $8.8 billion investment in its OLED factory, set to be operational within the next few years. These substantial investments from various companies demonstrate a collective effort to boost OLED technology and production capacity.
The influx of investment in OLED production facilities is likely to result in a decrease in panel prices over the next few years. While this is good news for consumers, the impact on PC gaming monitor prices remains uncertain. Currently, OLED panels used in PC monitors are sourced from the same production lines as those used in TVs. Surprisingly, a 4K 42-inch OLED TV is priced similarly to a 27-inch 1440p OLED monitor. The reason behind the significant price difference between the two remains ambiguous.
Economies of scale play a role in the pricing of OLED monitors, but they do not fully account for the disparity. While OLED gaming monitors offer impressive features, such as the Asus ROG Swift OLED PG34WCDM, their high prices continue to be a concern for many consumers. Despite the advancements in OLED technology and production, the pricing of these monitors remains a challenge that the industry must address.
LG’s substantial investment in OLED panel production facilities signals a positive direction for the future of display technology. With increased production capacity and competition among industry leaders, the market can expect to see improvements in OLED panel pricing. However, the disparity in pricing between OLED TVs and monitors remains a puzzle that requires further exploration. As the industry continues to innovate and invest in OLED technology, consumers can look forward to more affordable and advanced display options in the coming years.
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