The management committee of Guangzhou Development District has announced that LG Display has decided to invest US$4 billion to build its G8.5 LCD fabrication plant in the district. The fab will be jointly constructed by the Guangzhou Development District and LG Display. Construction is slated to begin in 2010 and production is expected to start in 2012. The G8.5 fab will be able to handle 2200 x 2500mm glass substrates. Initial capacity will be 60,000 glass substrates per month with the potential to increase to 120,000. LG Display has another G8.5 fab in Paju and so the experience will be invaluable and ensuring the Guangzhou-based fab will have a high possibility of success.
Source: China Tech News