Samsung invests $6.8 billion into iPhone OLED production

Even as display manufacturers are rushing to prepare OLED displays to fulfill orders that Apple might make for some of next year’s iPhones. Whether or not the company will turn to multiple sources for panels as it is wont to do for many components or place all of its chips on Samsung, the undisputed leader in OLED production right now, we aren’t entirely sure.

What the chaebol is sure of is the need for more diodes yesterday.

It is pushing its quotas up by 50 percent or 200 million displays and spending the equivalent of $6.82 billion through the rest of the year to procure equipment. With this investment, Samsung has allocated 80 percent of its display spending on OLED technology and will have the rumored theoretical capacity to ship well beyond half a billion units annually.

LG Display is dumping about $8.6 billion into OLED while Japan Display hopes to get its OLED running by 2018. Foxconn-acquired Sharp is also getting a major cash infusion for transitioning its factories for OLEDs by 2019.

Source: Nikkei Asian Review
Via: SamMobile

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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.