Sony to Spend ¥22 Billion on OLED Technology Development/Production

In the quest to replace LED technology, Sony recently dropped ¥22 billion (£105 million/€140 million/$205 million) on OLED (Organic Light-Emitting Diode) panel production. The large sum of cash will be spent upon "middle and large size OLED panel production technology", and plans on having something operational by April 2009. Most of the research and production will be done at Sony Mobile Display Corporation's factory in Japan. Once Sony does have an operational product, and a lot of them, they will hopefully implant them in just about everything involving a screen coming out of Sony's factory doors. OLED technology is, at this point, known for being extremely thin and obscenely expensive. If all goes well, Sony will negate the latter.