MANHASSET, N.Y. LG.Philips LCD Co. said Tuesday (Oct. 19) it has developed the world's largest organic light-emitting diode (OLED) display panel with its sister firm LG Electronics Inc., South Korea's second-largest electronics company, according to a Forbes report.
The 20.1-inch display will be displayed at an industry fair in Japan's Yokohama starting Wednesday, LG.Philips was quoted as saying in a statement.
OLED screens emit their own light, eliminating the need for backlighting and allowing equipment makers to develop slimmer and more power efficient monitors.
Although LG.Philips is one of the largest suppliers of liquid crystal displays (LCDs), the company, along with Korean rival Samsung and Japanese companies such as Sony Corp., are banking on OLED displays because they potentially offer higher quality pictures than LCDs or plasma display panel (PDP) displays.
Despite stiff pressure from LCDs, the market for OLEDs is forecast to grow to $2.2 billion in 2008 from a projected $429 million this year, according to market research firm iSuppli Corp.