Apple wants LG OLED displays and will pay to ensure they get them

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As LG Display revs its engines to compete against leading competitor Samsung in the mobile OLED display market, new factories and production lines in order. But Apple, in the interests of diversifying its components sourcing and saving some cash for future iPhones, could just as quickly snatch those lines up for a pretty penny.

The two companies are in negotiations on an exclusive production arrangement at LG’s new E6 plant for a price of between ₩2 trillion ($1.7 billion) and ₩3 trillion ($2.6 billion). The Korea Herald reports from its sources that certain details, including quality specifications, still need to be hammered out.

Samsung Display is the only display maker that meets Apple’s strict quality criteria for now,” said one source. “LG Display is said to be meeting about 70 percent level of the requirements, while Chinese display makers are still struggling to catch up with that of LG.”

Samsung Display is said to own 95 percent market share in the mobile OLED display field.

E6 would only be expected 30,000 panels per month at its start. Sources say that LG Display may be able to expedite the process as it has attained two advanced foundry components that have been short in supply. That could help raise the yield rate to 60,000 per month by 2019.

Google is also said to be looking for a piece of LG’s facilities for OLED in aiming for a revised Pixel 2 display.

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About The Author
Jules Wang

Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.