💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

LG Display makes $3.6B investment in OLED; shares up 8%

Published 05/30/2017, 11:27 AM
© Reuters.  LG Display makes $3.6B investment in OLED; shares up 8%
AAPL
-
LPL
-
005930
-
  • LG Display (NYSE:LPL) is reportedly making a $3.6B investment in an OLED factory to challenge Samsung (KS:005930) for iPhone (NASDAQ:AAPL) screen supplying. Samsung is currently the only OLED supplier to the iPhone launching this fall.
  • LG Display will construct the lines for production next year with smartphones as the priority ahead of TVs, which reverses the original product production order LG had for the facility.
  • OLED screens have each pixel supplying its light source, which allows the screen to bend or curve without compromising picture quality.
  • OLEDs are also more expensive and difficult to manufacture than LED screens, and the reason Apple’s fall iPhone is expected to have supply issues.
  • LG Display shares are up 8.3%.
  • Now read: Buffett Doubles Apple


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.