In addition to its recent commitment to investing nearly $1 billion into next-gen OLED technology and manufacturing, LG Display is also exploring eLEAP production, according to a report by The Elec. eLEAP was first developed by Japan Display, Inc. (JDI), and involves using a lithography process to create OLED without the need for fine metal masks (FMM). This process results in OLED with drastically improved power efficiency, brightness, and lifespan.
According to The Elec, JDI has been searching for a partner to help scale up its eLEAP manufacturing. LG Display has expressed interest in the technology, and would be able to handle eLEAP production with its existing equipment with modifications. The company plans to test the eLEAP process at its Paju plant after installing additional research equipment.
The following was originally published on June 25, 2025:
Months after its complete exit from the LCD manufacturing business, LG Display has announced it will be investing nearly $1 billion into next-gen OLED. According to Korean publication The Elec, the investment, totaling approximately $917 million, will be allocated towards “building infrastructure, including equipment, to apply new OLED technologies.” In addition to building up its OLED infrastructure, 55% of the funds will reportedly be invested in the company’s production hub in Paju, South Korea. LG Display’s timeline states that its large investment into next-gen OLED will be fully allocated between now and June 2027.
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It appears LG is targeting both the consumer market and the ever-evolving IT industry with its investment, with market research firm UBI Research reporting, “Approximately KRW 700 billion will be invested in Paju, covering upgrades such as LTPO 3.0 technology for smartphones and IT devices, COE (Color on Encapsulation) implementation, enhancements to the RGB 2-stack tandem OLED structure, and additional chamber installations for 4-stack WOLED production.”
