LG Plans To Partner With China, Japan Firms To Sell OLED TVs

Posted: Feb 24 2015, 5:45am CST | by , in News | Technology News

LG plans to Partner with China, Japan Firms to Sell OLED TVs
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  • LG Is Planning OLED TV Partnership With Japanese and Chinese Firms

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The South Korean company is planning to work with Japanese and Chinese firms for selling its OLED TVs and to make them more popular amongst viewers.

The South Korean LG is planning to partner up with firms from China and Japan so that they could make OLED displays more mainstream. LG didn’t name the companies it will be working with as it looks to take on its rival Samsung.

Samsung is the largest TV maker and LG is trying to beat them. LG Displays, is the only panel maker that can mass produce OLED TV panels.

According to Reuters, both Samsung and LG are the biggest proponents of the technology for the television market. LG are working hard on their OLED technology. LG claims that OLED technology consumes less energy and gives a better picture quality when compared with the old LCD technology.

One problem that remains for LG is the price because OLED TVs are rather expensive to make. The TV industry is adopting a new technology called the quantum dot technology. This technology has the same advantages of OLED but it costs less and it could harm the LG OLED TV sales.

There are some Chinese TV makers like Konka Group Co Ltd and Skyworth Digital Holdings Ltd that are working on OLED but many analysts believe that the technology needs to be used by the manufacturers so that it could take off properly.

Samsung on the other hand has made it clear that they don’t want to make OLED TVs in the future. Sony Corp said last year that their company is looking at building OLED displays.

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