LG Display is still suffering from low yields (and low uniformity) in their OLED TV pilot line (M1) and they had to delay launching these TVs (originally planned for June 2012), but that didn't stop LG's chairman from deciding to devote the company's main R&D resources towards OLED TVs development. Now we hear that LG Display actually decided to start building a mass production line (called M2) - which will become fully operational in Q1 2014 with a capacity of 32,000 substrates monthly - or about 180,000 55" OLED TV panels in a month (assuming 100% yield, so obviously the real number will be lower).
LGD is expected to start placing equipment orders during the next quarter - and in fact the company already sent letters of intent (LOI) to some companies. The company will officially announce this investment plan "any day now". The M2 line will be able to process the evaporation and encapsulation on a full substrate (in the M1 pilot line the substrate is cut in half before those steps).
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