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Apple may invest in LG Display’s new OLED plant

Apple may invest in LG Display’s new OLED plant

By BizLED Bureau

July 4, 2017: Apple is considering investing in LG Display’s new OLED production line, which will be exclusively dedicated to making OLED panels to supply to Apple.

Apple and LG Display are in talks to discuss the investment plans, and it is said that Apple is planning to invest about $1.75 to $2.62 billion to speed up the work. LG Display is expanding its production lines dedicated to Apple orders.

Also Read: Chinese OLED firms increase production by 300%, threatening S Korean makers

It is reported that Apple would invest into LG Display’s new plant E6, which would be dedicated to Apple’s iPhone orders. Approximately, 3.5 trillion won (approximately $30 billion) is needed for an OLED production line with a monthly capacity of 30,000 units of the sixth-generation OLED mother glass.

The expected funding from Apple comes after a news report this year that LG Display was in talks with Google for a 1 trillion won investment into its OLED plant.

Also Read: Samsung Display to build world’s biggest OLED plant

Currently, Samsung Display dominates more than 95% of the smartphone OLED market, supplying OLED screens to clients like Samsung Electronics and Apple. To compete with samsung, other OLED display makers like LG Display and China’s BOE are making efforts to boost their OLED production capacity.

LG Display’s OLED supply for Apple iPhone has been delayed as it failed to purchase Canon Tokki’s vacuum machine on time; it is the most advanced OLED production equipment, whose supply is extremely limited. But according to sources, LG Display has managed to buy two units of the machine to speed up the production for Apple that is expected to start in early 2019.

The company expects to secure new equipment in December 2017, with which its production capacity would double to 60,000 units per month.

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