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LG Display, Samsung Display to supply OLED screens to Apple iPhones - report

Published 12/29/2015, 07:35 PM
Updated 12/29/2015, 07:40 PM
© Reuters. The main Apple Inc website featuring Apple co-founder Steve Jobs is seen on an iPhone in this photo illustration taken in Central Sydney
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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.

© Reuters. The main Apple Inc website featuring Apple co-founder Steve Jobs is seen on an iPhone in this photo illustration taken in Central Sydney

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