“LG Display is planning to invest about $3.56 billion (4 trillion KRW) into P10, which is its new factory in Paju, and construct production lines for 6th generation flexible OLEDs in 2018,” The Electronic Times reports. “Although it was planning to make investments mostly on large OLEDs for TVs initially, it is currently thinking about making investments on OLEDs for Smartphones first.”

“It seems that LG Display is planning to secure its position as the second supplier for Apple iPhone by quickly increasing its production capability of OLED for smartphone[s],” ETNews reports. “LG Display is planning to establish flexible OLED production lines that can produce about 60,000 flexible OLED panels based on 6th generation glass panels at P10 over a span of 2 years. It is planning to increase production capability by 30,000 in 2018 and 2019.”

ETNews reports, “Not only is Apple thinking about using OLED panels for entire iPhones starting from 2018 but Chinese Smartphone industries are also shifting their attention towards OLED panels.”

Read more in the full article here.

MacDailyNews Take: Having OLED suppliers other than Samsung Display is critical for Apple in keeping iPhone costs down and margins up.

SEE ALSO:
Samsung to supply OLED displays for Apple’s 5.28-inch iPhone 9 and 6.46-inch iPhone 9 Plus – May 30, 2017
Apple supplier LG Display invests $1.75 billion into flexible OLED displays – July 28, 2016
LG Display jacks up spending on OLED display production for Apple ‘iPhone 8’ – July 13, 2016
Samsung Display expected to benefit from AMOLED ‘iPhone 8’ shipments in 2017 – June 30, 2016
Samsung to invest $6.8 billion OLED display investment focused on Apple iPhone – June 20, 2016
Applied Materials’ OLED push capable of sourcing 100 million Apple iPhone displays – June 2, 2016
Leaked photos pretty much confirm 2016 MacBook Pro’s OLED touchpad – June 1, 2016
Apple’s rumored iPhone 8 OLED swap could boost Advanced Energy Industries – May 31, 2016
Thinner, lighter 2016 MacBook Pro may feature OLED display touch bar and Touch ID – May 24, 2016
Apple suppliers gear up to deliver OLED to 2017 iPhone – May 23, 2016
Apple’s iPhone 7 Plus to get OLED exclusively, other models to stick with LCD, analyst suggests – May 16, 2016
iPhone 7 leak reveals professional dual-camera system – May 14, 2016
Two technologies that could spur iPhone unit sales growth – May 4, 2016
Apple plans huge 5.8-inch iPhone with AMOLED display , sources say – March 8, 2016
Ming-Chi Kuo: Apple iPhone 7 Plus to offer innovative dual-camera configuration – January 28, 2016
Apple patent application reveals new dual camera zoom lens system – January 7, 2016

[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]