AfterDawn: Tech news

LG, Samsung fight for new Apple OLED business with large investments

Written by Andre Yoskowitz (Google+) @ 31 Oct 2016 22:11

LG, Samsung fight for new Apple OLED business with large investments Both LG Display and Samsung will combine to invest about $12 billion USD in flexible OLED tech this year in an effort to win orders for the upcoming Apple iPhones.
The investments are a record high and analysts believe the companies will continue in a "do or die" fight to become the leader in the market.

Samsung is currently the clear leader in the market for small and mid-sized OLEDs, accounting for over 90 percent of units sold. The company will make an additional $4 billion investment this quarter alone. LG, on the other hand, will make a similar investment this quarter to make sure facilities are ready for manufacturing of hundreds of millions of displays for Apple.

Apple is expected to adopt flexible OLEDs for their 10-year anniversary model of the iPhone next year, moving away from "retina" LCD screens.

Source:
Business Korea

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