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Apple and Samsung Display in talks to finalize OLED deal

Apple and Samsung Display in talks to finalize OLED deal

By BizLED Bureau

Jan 15, 2016: News agency ET News from Korean media pointed out that Samsung Display and Apple Inc are in discussion to finalize the supplying flexible deal of OLEDs for the next generation iPhones from Apple.

The Korean giant will invest close to US $7.47 billion into equipment investment and its plant.

Samsung Display and Apple are already close to confirming the OLED display supply contract for upcoming manufacturing of iPhones, as per inside reports. The Low-Temperature Polysilicon LCD screens found on current iPhone models shall be replaced by flexible OLED panels. Samsung Display will supply these OLED panels.

READ ALSO: Sales of OLEDs for general lighting to boom over next decade

In the detailed analysis of the report, it was pointed that Samsung Display has decided to invest US$2.49 billion and $3.32 billion for plant and equipment this year as it planning to expand current facilities to receive orders from Apple by March end this year. Market rumors suggest that the investments will elevate OLED production capacity from 30,000 sheets to 45,000 sheets per month.

With Apple contract under their belt, Samsung Display will upscale its production of OLED production capacity for its Galaxy model smartphones to 15,000 sheets per month. Furthermore, this production will cater to Chinese manufacturer as well. This, in turn, would make Samsung Display?s production capacity investments to more than $830 million for 2016.

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