This means that the company will close it mobile organic light-emitting diode (OLED) division, established in June 2008, and at the same time move LCDs for mobiles and OLEDs into two existing business units.

The company's LCD business has been given to the IT Division which is also in charge of panels for monitors on laptop and tablets. While the rest of the OLED business has been given to newly promoted CTO Yeo Sang-duk, who formerly headed the mobile OLED.

LG said many of the moves it is making is to "boost tension across the firm", which it hopes will add "competitiveness" amongst its key workers.

www.lg.com www.lgdisplay.com

LG Electronics plans to sell 55-inch AM-OLED TVs later this year while no official prices has been announced there are plenty of rumours that is will be about US$ 9,500 similarly priced to the company’s rival Samsung’s 55-inch AM-OLED TV. An AM-OLED TV can be thinner than an iPad.

According to Paul Semenza, senior vice president of analyst services NPD DisplaySearch shipments of AM-OLED TVs may hit 50,000 unit by the end of 2012, and perhaps grow to 5 million units by 2015.

Chief Financial Officer James Jeong is reported to have stated recently that LG Display has a capacity to produce 48,000 OLED TV panels a month.

www.lg.com www.lgdisplay.com

According to reports from OLEDnet LG is believed to be spending as much as US$ 17.6 million on encapsulation equipment from Jusung Engineering and Avaco for the company’s Gen 3.5 (730mm x 460mm) flexible AM-OLED pilot line at LG’s Paju production facility. LG is reported to have spent about US$ 176 million to complete line when it is finished.

Earlier reports suggest that LG will start construction by 3Q 2012, and the new line should be commissioned by end of 2012. An LGD official said that it will take a further one to two year to complete the development and verification the process and to produce early prototypes.

Source said that LG Display the architecture for the flexible OLED uses a polyimide coated substrate and RGB sub-pixels – this is a different architecture that LG has adopted for their OLED TV which to is to use all white pixels and a colour filter.

www.lgdisplay.com www.lg.com www.olednet.com

At press conference held in Korea Samsung Electronics unveiled its latest electronic product a 55-inch ‘premium’ AM-OLED TV. The AM-OLED TV will be available during the second half of 2012 and be prices at about 10.8 million Kwon (about $9,500).

The new 55-inch OLED TV provides crystal-clear picture quality in vibrant full colour, and wide viewing angle. The AM-OLED TV will introduce the “smart dual view” function which enables the viewers to watch two channels simultaneously by wearing 3-D glasses.

Fraunhofer IPMS – COMEDD (Center for Organic Materials and Electronic Devices Dresden), a unit of Europe’s largest application-oriented research and development organization, and Universal Display Corp. have announced an agreement for Universal Display to provide its proprietary phosphorescent OLED materials as a key ingredient for driving energy efficiency in COMEDD’s white OLED lighting panels.

In this new two-year agreement, COMEDD will develop and fabricate energy-efficient, white OLED panels for market development.

Prof. Karl Leo, director of the Fraunhofer IPMS – COMEDD, said, “The contract with Universal Display allows us to realize OLED lighting devices using the leading phosphorescent emitter technology. This is a key step toward increasing the efficiency of white OLED to levels where broad market acceptance can be reached.”

Steven V. Abramson, President and CEO of Universal Display, said, “We are delighted to work with Fraunhofer IPMS - COMEDD, a leading European research institution in white OLED panel development. The work that Fraunhofer is performing at their Center for Organic Materials and Electronic Devices may help accelerate the commercialization of energy-efficient white OLED lighting products.” Steven added, “We look forward to supporting COMEDD with our ‘all-phosphorescent’ solution for its development and demonstration of OLED lighting panels with enhanced energy efficiency. Through programs like this, we believe that we can contribute to forging a more energy-efficient, environmentally sustainable future for Europe, the U.S., and the world at large.”

www.universaldisplay.com ipms.fraunhofer.de