SEOUL (Reuters) - South Korea's LG Display Co Ltd and panel-making subsidiary of Samsung Electronics (KS:005930) Co Ltd will supply organic light emitting diode (OLED) screens for Apple (O:AAPL) Inc's iPhones, the Electronic Times reported on Wednesday citing unnamed sources.
LG and Samsung Display are close to a final agreement with Apple for the screens, the report said, adding the two Korean firms plan a combined 15 trillion won ($12.8 billion) in capital expenditure to build up OLED production capacity over the next two to three years.