LG Display said on Tuesday that the company plans to invest 13.5 billion US dollars to expand the production of OLED screen, the move is naturally considered to be targeted at Apple's new iPhone OLED panel design trends.
LG Display is also one of Apple's major suppliers. The company said that the demand for OLED panels in the mobile and automotive markets is growing, and LG Display makes a decision in a timely manner to respond to the ever-changing and growing OLED market.
In the fall of this year launched the iPhone, the 10th anniversary of the iPhone 8 will be handed over iPhone iPhone for the first time, and LG Display investment in OLED is also considered to be the expansion of Apple's OLED supply channels.
In fact, after the Korean media The Investor reported that Apple is negotiating with LG Display, will be the company for Apple orders for new OLED production line investment of about 2 to 3 trillion won (17.5 to 2.92 billion US dollars).
At present, Samsung Electronics's Samsung Display occupies the smart phone OLED panel market share of more than 95%, specifically for Samsung and Apple and other large customers with OLED screen. While other display panel makers such as LG Display and China BOE are also pushing for OLED production.