Welcome to our dedicated page for LG Display Co. Ltd. news (Ticker: LPL), a resource for investors and traders seeking the latest updates and insights on LG Display Co. Ltd. stock.
LG Display Co., Ltd. (NYSE: LPL) is a global leader in the display technology industry. Based in South Korea, the company specializes in the development, manufacturing, and sale of thin-film transistor liquid crystal display (TFT-LCD) panels, organic light-emitting diode (OLED) displays, and flexible displays. These products are essential components in a wide range of devices including notebook computers, monitors, televisions, smartphones, tablets, and automotive displays.
LG Display's innovative product line features cutting-edge technologies, such as self-emissive OLED panels that provide superior picture quality with minimal impact on viewers' circadian rhythms. Recently, the company earned the 'Circadian Friendly' certification from TÜV Rheinland for its OLED TV and monitor panels. This recognizes displays that promote better sleep by minimizing blue light emissions and flicker.
The company continually pushes the boundaries of display technology. One notable product is the 17-inch Foldable OLED panel for laptops, which offers a seamless display and enhanced durability through its Tandem OLED structure. LG Display also recently announced the development of a 27-inch 480Hz QHD Gaming OLED display, promising an unmatched gaming experience with ultra-high refresh rates and fast response times.
Financially, LG Display generates the majority of its revenue from international markets, supported by its overseas sales subsidiaries in the United States, Germany, Japan, Taiwan, China, and Singapore. The company operates manufacturing facilities in Korea and China, with assembly facilities in Korea, China, and Vietnam, boasting a global workforce of approximately 70,707 employees.
LG Display is also a key player in the automotive display sector. At CES 2024, the company showcased the world's largest automotive display—a 57-inch 'Pillar-to-Pillar' LCD panel. This innovation emphasizes the company's focus on integrating advanced display solutions into vehicles, enhancing the user experience with high-definition and durable screens.
Moreover, LG Display is at the forefront of developing next-generation display technologies, such as OLEDoS for virtual reality (VR), which offers ultra-high brightness and resolution on a micro-scale. At SID Display Week 2024, the company was recognized for its technical leadership with a Distinguished Paper of the Year award for its advancements in OLEDoS technology.
For more information, visit www.lgdisplay.com.
On March 18, 2023, LG Display announced that its 65-inch OLED TV panel received the Product Carbon Footprint Certification from the Carbon Trust. This certification recognizes compliance with global standards for GHG emissions throughout the product life cycle. The OLED panel significantly reduces plastic use by up to 90% compared to LCDs and achieves a 92.7% recycling rate. Enhanced energy efficiency has improved by 22% with the new META Technology. LG Display aims to reinforce eco-friendliness while enhancing product competitiveness.
LG Display announced its plans to showcase groundbreaking automotive displays at CES 2023, emphasizing a shift towards the automotive sector as a growth engine. Key highlights include the introduction of the first 18-inch Slidable automotive OLED panel and advancements in Tandem OLED technology, enhancing brightness and reducing power consumption by 40%. The company aims to lead the premium automotive market with the commercialization of its 30-inch P-OLED displays this year. LG Display also unveiled innovations like the 57-inch automotive LCD and Thin Actuator Sound Solution, enhancing in-car experiences.
LG Display has announced the unveiling of its third-generation OLED TV panel featuring 'META Technology' at CES 2023. This innovative technology increases brightness by 60% and enhances viewing angles by 30% compared to traditional OLED displays. The panel achieves a peak brightness of 2,100 nits, the highest in the market, and utilizes a 'Micro Lens Array' for improved light emission and energy efficiency. META Technology aims to solidify LG Display's position in the premium TV market, expanding its lineup to various sizes, including 55, 65, and 77-inch models.
LG Display will showcase groundbreaking display technologies at CES 2023 in Las Vegas, highlighting innovations in automotive and personal displays. The company will introduce Foldable OLED displays, including a 17-inch and an 8-inch version, designed for enhanced portability and durability. Their automotive innovations include a 34-inch P-OLED display, the largest of its kind, and a Thin Actuator Sound Solution recognized for its design and eco-friendliness. LG Display aims to boost its Order-to-Order business, focusing on OLED technology across various applications.
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