Apple to invest $2.70 billion in LG Display’s OLED production

“Apple has decided to invest 3 trillion won (US$2.70 billion) in LG Display’s OLED production for smartphones, the Korea Economic Daily reported on July 28,” Lee Ji-yoon reports for The Investor.

“Apple will reportedly make the investment as advance payment for the planned panel supplies from the Korean display maker,” Lee reports. “The iPhone maker is expected to secure 45,000 units of the 6.5th-generation OLED panel monthly from 2019.”

“Sources say the two firms still remain mum on the funding plans possibly due to Apple’s partnership with Samsung Display, the sole supplier for the first OLED iPhone that will debut later this year,” Lee reports. “Sources say LG Display is likely to build a production line dedicated to iPhone orders only. About 3.5 trillion won is needed for 30,000 units of the mother glass monthly.”

Read more in the full article here.

MacDailyNews Take: Ah, supplier diversification is a beautiful thing, but when it hurts Samsung, it’s absolutely gorgeous!

SEE ALSO:
Samsung’s profit may top Apple’s for the first time ever – thanks to Apple – July 27, 2017
Apple has invested at least $1.7 billion in LG Display’s OLED production, sources say – July 26, 2017
Apple and LG Display plan to derail Samsung’s OLED expansion plans – July 25, 2017
Apple supplier LG Display to take on Samsung as it lifts OLED investment – July 25, 2017
Apple is likely to switch to in-house displays – July 24, 2017
Apple sets up OLED panel R&D line in Taiwan to reduce reliance on Samsung Display – July 24, 2017
Apple in talks with LG Display for up to $2.62 billion investment in OLED iPhone display lines – July 3, 2017
Samsung is building the world’s largest OLED plant to supply Apple’s iPhone – June 30, 2017
Samsung to supply OLED displays for Apple’s 5.28-inch iPhone 9 and 6.46-inch iPhone 9 Plus – May 30, 2017
Next-gen iPhone’s OLED display puts blue spotlight on Japanese supplier – April 24, 2017
Apple signs two-year contract with Samsung for up to 92 million OLED iPhone displays – April 7, 2017
Apple orders 70 million OLED panels for next-gen flagship iPhone – April 3, 2017

4 Comments

  1. As vindictive payback, I wonder just how much of Samsung’s IP and patents Apple has learned and is willing to share with LG? If so, Apple is willing to go to court for infringing, knowing that the court system will take years to resolve and, if the past predicts the future, it feels it might get away with purloining them.

  2. At least The Atlantic was not sold to an autocrat or to a strict corporate unionist.

    Lauren does not support Single Payer so she’s not a Sanders-style Progressive; She’s rather a NeoLib like Hillary, in my opinion, to whose campaign she donated. A NeoLib has a close affinity to a NeoCon: Both support worldwide economic colonialism which requires nearly unlimited expenditures in defense of shipping lanes and in tamping down democratic aspirations in affected nations. This requires a comperable growth of spy regimes (the 17 spy agencies), regime change, economic disparity between rich and poor, blaming the poor for being poor, crediting the wealthy for being wise, Wall St. policies, and corporte unions. The bad things about Corporate unions are their push for more Constitutional rights, their assertions now law that money is speech and their right to author anti-worker union laws as well as donate nearly unlimited amount of funds in political campaigns. Both disfavor worker unions and even Steve deplored them. All this is in support of the growing kakistocratic oligarchy.

    While Lauren may not transform The Atlantic in this way, and her politics are mostly good, they still fit into the NeoLib/NeoCon mold which is not good for the US nor for the its world-wide economic and political partners.

  3. “The iPhone maker is expected to secure 45,000 units of the 6.5th-generation OLED panel monthly from 2019.”

    Is this like how WiMax was considered 4.5G?

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