LG Philips LCD plans five billion dollar investment despite output glut

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LG Philips LCD is to invest five billion dollars in new facilities to produce next-generation flat panel displays in order to strengthen its global market leadership.

The company said it would invest 5.29 trillion won (5.0 billion dollars) to build a "seventh generation" TFT-LCD fabrication plant in Paju, some 30 kilometers (20 miles) north of Seoul by early 2006.

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Wolfgang Gruener
Wolfgang Gruener
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.