LG Display will boost its investment in OLED production, according to the company's CEO, in order to cope with being pinched by slowing iPhone sales and competition from Chinese panel suppliers.
LG Display is reportedly planning to increase its manufacturing capacity for curved OLED displays, in a move that may back rumors the company will help Apple produce its first OLED-equipped iPhone.
LG Display is planning to spend up to $4.2 billion on a new factory in Paju, South Korea in order to meet demand for OLED screens — some of which could potentially make their way into future Apple products.
Apple's refreshed, entry-evel 21.5-inch iMac desktop has been given the teardown treatment, revealing that its standard-resolution display was manufactured by LG Display, while the Wi-Fi antenna design has been slightly tweaked [corrected].
Korea's LG Display on Monday announced plans to spend 10 trillion won, or about $8.5 billion U.S., during the next three years on developing OLED technology, some of which could find its way into Apple hardware.
LG Display on Thursday announced plans to devote almost $1 billion towards building a fourth OLED factory, one that could potentially be instrumental in keeping up with demand for products like the Apple Watch.
South Korean display manufacturers are trying to persuade Apple to use flexible OLED screens for future iPhones, although the first such models might not ship until 2018, a report claimed on Wednesday.
