“Apple Inc. supplier LG Display Co. will spend more than 10 trillion won ($8.7 billion) on building a new plant and expanding production of a newer type of display that can be used to cut power use, make thinner devices and show brighter colors,” Jungah Lee reports for Bloomberg. “Shares rose.”

“The factory will produce organic light-emitting diode displays for larger TVs, smartwatches and automotive displays and is targeted to start in the first half of 2018, Seoul-based LG Display said Friday,” Lee reports. “The technology has been touted as a possible replacement for the liquid-crystal displays used in smartphones. Apple plans to adopt OLED for iPhones from 2018, the Nikkei newspaper reported Thursday without attribution.”

“‘Today’s announcement implies that the potential timing of Apple’s adoption of OLED screens is set,’ said Claire Kim, an analyst at Daishin Securities Co. in Seoul,” Lee reports. “The investment intensifies the company’s rivalry with Samsung Display Co., the dominant maker of OLED panels for smartphones. Samsung supplies the ultra-thin screens to Apple’s key competitor Samsung Electronics Co. and to Chinese phone makers. Apple’s demand for the panels will be strong enough to support more than one big maker, Kim said.”

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MacDailyNews Take:

SEE ALSO:
Apple to use OLED for iPhone displays starting in 2018 – November 25, 2015
Ming-Chi Kuo: No Apple iPhones with AMOLED displays until 2019 at the earliest – November 10, 2015
Apple considering OLED displays for iPhone 7/Plus – October 30, 2015