The Samsung Electronics Co Ltd’s panel-making subsidiary and South Korea’s LG Display Co Ltd will supply Oled screens (organic light emitting diode screens) for Apple Inc’s iPhones , the Electronic Times reported on Wednesday. The two Korean firms Samsung and LG plan a combined 15 trillion won ($12.8 billion) in capital expenditure to build up Oled production capacity over the next two to three years.
After years of speculation, the report comes that Apple will start using the next-generation technology in its phones. Oled screens are thinner and offer better picture quality than the mainstay liquid crystal display screens.
Japan’s Nikkei newspaper reported in November that Apple plans to start using OLED screens for Apple’s iPhones starting in 2018. Apple will likely provide some funding to both firms to help with the investments. LG Display and Samsung Display declined to comment, while Apple could not be immediately reached for comment, the paper added.
Samsung Display, which currently supplies OLED smartphone panels to parent Samsung Electronics and Chinese vendors, is likely getting bigger volumes from Apple than LG Display, the Nikkei newspaper added.