Apple Partner LG Display Plans to Invest Over $650 Million in OLED Technology

Apple Partner LG Display Plans to Invest Over $650 Million in OLED Technology

LG Display has announced plans to invest more than $650 million in OLED technology. The company, a major supplier of screens to Apple, says the investment will allow it to produce 26,000 sheets per month, large enough to result in six 55-inch screens per sheet.

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AppleInsider

LG plans to produce large-panel organic light emitting diode displays at its existing plant in Paju, South Korea, investing 706 billion won, or $656.7 million, according toThe Wall Street Journal. LG plans to produce the OLED screens for high-definition television sets by the end of June 2014.

Apple has increasingly looked to LG Display as a major supplier in its efforts to move its supply chain away from “frenemy” Samsung. It’s been reported that the company has landed the most orders for Apple’s latest products.

Monday’s news follows last month’s report that Apple had courted an OLED expert away from LG Display.

OLED promises thinner designs and better battery life, but as of yet Apple has not included the technology in any of its devices.

LG’s plans for OLED are HDTV-specific, which could tie in with rumors of an Apple television set. OLED panels do remain costly in larger form factors. LG launched a 55-inch OLED set in January priced at $10,000.

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