LG Display to Sell Guangzhou Fab to China Star

Published August 5, 2024

As reported by Business Korea, LG Display announced on Thursday, August 1st that it has selected China Star Optronics Technology (CSOT, aka China Star) as the preferred negotiating partner for the sale of its share of its Gen 8.5 LCD fab in Guangzhou, China. While there is no agreement on a purchase price, the announcement represents a major step forward for LGD to raise additional capital to fund OLED expansion.

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Written by

Bob O'Brien

bob.obrien@displaysupplychain.com

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