Should OLED smartphones really take off, Apple won’t be short on suppliers as another company bets big on making the high-end displays.
Electronic giant LG is reportedly investing a whopping $3.56 billion into one of its factories to produce OLED smartphone screens with hopes of becoming a secondary supplier for Apple, sources familiar with the matter tell ET News.
The investment is said to shift focus from producing OLED panels for TVs to producing them for smartphones, suggesting a rise in demand for OLED displays and that Apple may intend to become a major user of the display technology for the foreseeable future.
OLED-ing the pack
While Apple has yet to confirm that its unannounced iPhone 8 will use any kind of OLED display, rumor upon rumor has it that the iPhone maker will ditch flat LCD screens with a curved OLED display similar to the and on its next handset.
If true, Samsung will beat out fellow display producer Sharp to being Apple’s #1 OLED supplier — meaning LG has some competition ahead if its planning to work with Apple on future phones.
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By Parker Wilhelm
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