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What Hi-Fi?
What Hi-Fi?
Technology
Joe Svetlik

LG is selling its LCD factory to a surprising rival – and will focus on OLED tech instead

LG LG Display China Samsung Display
The 65-inch LG G4 OLED TV on a wooden TV stand. On screen are two cyclists with spectators cheering them on from the side of the road.

LG's display arm has agreed to sell its LCD factory so it can focus on producing OLED screens. LG Display is negotiating with a subsidiary of rival TV maker TCL for the sale of its LCD plant in Guangzhou, China, The Korea Times reports.

Negotiations with China Star Optoelectronics Technology (CSOT) are yet to begin, but the deal is expected to earn LG Display between 1 trillion won and 2 trillion won ($737 million to $1.47 billion).

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