LG Display Supplies Foldables to HP
LG Display (LPL) has picked up a second customer for its foldable OLED displays, said to be supplying same to Hewlett Packard’s (HPE) 17” 4K foldable device expected late this year or early next, and will begin production in 3Q. Unit volumes are expected to be small, but represent a 2nd foldable OLED display customer for LGD. The company previously supplied foldable panels to Lenovo (992.HK) in 2020. LGD displayed its 17” foldable 4K panel at CES earlier this year. Polyimide cover film is expected to be used on the display, which will be supplied by SK IE Technology (361610.KS), a local material supply firm that is part of SK Holdings (034730.KS), a major energy conglomerate in South Korea. It is said that SK IE bid 50% lower than competitors to win the project as the last project for which it supplied such material was for China’s Royole (pvt), whose volumes never improved and is now facing financial difficulties.
LG Display 17" FOldable OLED display - Source: LG Display
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