LG Display Co., Ltd. (Korean: LG 디스플레이) is one of the world's largest manufacturers and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. LG Display is headquartered in Seoul, South Korea, and currently operates nine fabrication facilities and seven back-end assembly facilities in Korea, China, Poland and Mexico.
LG Display has manufactured displays used in products such as the iPhone 14 Pro and Sony's OLED TVs.
On 12 December 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on 29 February. The company claimed the name change reflected changes following the reduction of Philips' equity stake.
The company has eight manufacturing plants in Gumi and Paju, South Korea. It also has a module assembly plant in Nanjing and Guangzhou in China and Wroclaw in Poland.
LG Display discontinued its LCD production lines in South Korea in late 2022,[4] and will completely exit the LCD manufacturing business with the sale of its last remaining plant in Guangzhou, China to be completed in June 2024, focussing more of its budget and production on OLED panels.[5]
In December 2010, the EU fined LG Display €215 million for its part in an LCD price fixing scheme.[6] Other companies were also fined for a combined total of €648.9 million, including Chimei Innolux, AU Optronics, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.[7] LG Display has said it is considering appealing the fine.[8]
This followed the 2008 case in the US, when LG Display, Chunghwa Picture Tubes and Sharp Corp., agreed to plead guilty and pay $585 million in criminal fines[9][10] for conspiring to fix prices of liquid crystal display panels. LG Display would pay $400 million, the second-highest criminal fine that the US Justice Department antitrust division had ever imposed.[11]
Some examples of products that use LCD panels from LG display are Apple's 2009 27-inch iMac, Apple's Thunderbolt Display, and Dell's U2711 LCD Monitor.[12]
Additional products include Apple's 20-inch Cinema Display and Dell's UltraSharp 2005FPW LCD Monitor. These use the "LG.Philips" branding.[13]
As of 2022, LG Display is the manufacturer of the OLED panels used in Sony's OLED TVs.[14]
In November 2008, LG ("LG Philips" at that time) plead guilty and was sentenced to pay criminal fines by the U.S. Department of Justice (DOJ), European Commission and South Korea Fair Trade Commission, for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide.
₩26.152 trillion (approx. 20 billion USD) (2022)[1]
