Korean-based ET News reports Samsung Display is close to reaching an agreement with Apple to supply flexible OLED displays for future models of the iPhone. The company could invest up to $7.4 billion in manufacturing equipment to fulfill its end of the deal.
The report indicates the contract would require Samsung to increase its OLED display production by 30,000 to 45,000 panels per month in 2016, with an additional 45,000 panels being churned out in 2017.
Per the report, Samsung will likely get most of the required OLED manufacturing and inspection equipment from South Korean display businesses AP Systems and HB Technology.
A number of reports have indicated that Apple will begin using OLED display panels in a future model of the iPhone, with most indicating 2018, or even 2019 as a model year for using the new panels. Reports have also indicated that Samsung would not be the sole supplier of such displays, with AU Optronics, LG, and Japan Display having been mention as possible co-producers.