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LG Display Invests Heavily in Chance of Making OLED Displays for Apple

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According to a new report in Korea’s ET News, via 9to5 Mac, LG Display is investing heavily in the hope that it will soon be joining Samsung as one of Apple’s OLED display suppliers for the iPhone.

Industry sources told ET News that LG Display is pumping investment into its production capacity, and even moving its main focus away from TV screens to smartphone displays in bid to win orders from Apple for OLED displays for future iPhones.

The source says that LG Display intends to invest approximately $3.56 billion in P10, its new factory in Paju, South Korea. Some of the investment will go towards building production lines for 6th-generation flexible OLED displays in 2018, changing the focus from large OLEDs for TVs.

LG hopes that by rapidly increasing its production capacity in this way it will stand a very good chance of becoming Apple’s second OLED supplier alongside Samsung. Apple never likes to rely on just one supplier, so will doubtless also be keen to acquire another main partner for manufacturing OLED displays.

Source: LG making $3.5B bet on becoming second OLED display supplier for iPhones
 

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