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Was Apple behind LG Display’s $7B OLED push?

Published 07/26/2017, 10:30 AM
© Reuters.  Was Apple behind LG Display’s $7B OLED push?
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  • LG Display (NYSE:LPL) announced yesterday plans to invest about $7B on ramping up OLED panel production and investors wonder if Apple (NASDAQ:AAPL) stands behind the deal.
  • During a conference call, an LG Display exec said some of the funding would come from a “strategic partnership” but didn’t name the partner.
  • “If Apple’s funding had not been confirmed, LG Display’s management may have not decided on the huge spending,” a source tells The Korea Herald.
  • Apple wants to lessen its dependence on Samsung (KS:005930) for OLED panels, which will feature in the premium iPhone model this fall and potentially all of next year’s models.
  • Previously: LG Display ramps up OLED production to take on Samsung (July 25)
  • Now read: What Will Apple Build In Those '3 Big, Beautiful Plants'?


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