BUSINESS

German TV firm Metz to adopt LG Display’s OLED panels

By Kim Young-won
  • Published : Jul 19, 2016 - 08:32
  • Updated : Oct 5, 2016 - 10:24
[THE INVESTOR] LG Display has added a new customer for its organic light-emitting diode display -- German-based TV manufacturer Metz TV.

Metz -- owned by Chinese TV maker Skyworth -- will reportedly become LG’s 10th client for OLED panels.

The German firm recently said that it would roll out an ultra-high definition OLED TV in September 2016, supporting high-dynamic-range -- a video solution for improving brightness and contrast levels. 

LG Display’s OLED display. LG Display

The Korean display firm will be the supplier of the displays.

Among LG Display’s other customers, Philips, Bang & Olufsen, Vestel, and Loewe plan to release OLED TVs this year, following others including Skyworth, Chang Hong, Konga and Panasonic.

The global high-end TV market is being dissected by two groups supporting OLED TVs and quantum dot TVs -- led respectively by LG Electronics and Samsung Electronics.

An OLED display consists of self-illuminating organic compounds, while a QD display is made up of inorganic semiconductor nanoparticles.

First mass-produced in 2013, the global OLED TV market is expected to see its sales grow from 4,400 units in 2013 to 5.8 million units in 2020, according to market research firm IHS.

By Kim Young-won (wone0102@heraldcorp.com)