LG Display announced that they are investing $1.6 Billion USD to build an OLED panel factory in Paju, South Korea. This initial cost will cover the building, the “foundations” of the clean rooms, and basic infrastructure such as water and power. Construction will begin immediately. The plant is expected to cost $8.7 Billion USD by the time it starts producing displays, which the company anticipates for early 2018. It will produce panels for smart watches, cars, and even large TVs.
The shift from LCD to OLED has been anticipated for a while, but it seems like the former technology just kept remaining viable. It kept ahead of plasma technology, despite LCD being considered inferior in terms of contrast and maintainability by some, and outlived it. SED threatened to crush it, but never really became available because Canon basically misunderstood patent licensing terms from a Texas-based nanotech company. Mobile devices helped push LED panels away from TN technology and into IPS-like panels, which closed the gap between LCD and early OLED.
LCD would eventually need to reach its maximum viable potential though, and heightened availability of OLED could do it. Hopefully the technology makes it to consumer desktop panels relatively soon. Display manufacturers have been experimenting with higher refresh rates, better displays, and higher resolution recently, but adding OLED to the mix should push the industry toward focusing on contrast and color reproduction even more heavily.