LG bets $8.7 billion you’ll want a TV with rich OLED colors

27 Nov 2015 | Author: | No comments yet »

LG Display plans new OLED factory.

Seoul: Apple supplier LG Display will spend more than 10 trillion won ($8.7 billion) on building a new plant and expanding production of a newer type of display that can be used to cut power use, make thinner devices and show brighter colours. The factory will produce organic light-emitting diode displays for larger TVs, smartwatches and automotive displays and is targeted to start in the first half of 2018, Seoul-based LG Display said on Friday. Apple plans to adopt OLED for iPhones from 2018, the Nikkei newspaper reported Thursday without attribution. “Today’s announcement implies that the potential timing of Apple’s adoption of OLED screens is set,” said Claire Kim, an analyst at Daishin Securities in Seoul.

Apple’s demand for the panels will be strong enough to support more than one big maker, said Kim. “I don’t think the P10 plant alone will entirely cover Apple devices only, so Apple has to turn to Samsung to secure stable production,” she said. A group of 200 employees at Samsung Display, which already provides OLED screens for the Apple Watch, created a standalone team working exclusively on screens for Apple products, people with direct knowledge of the matter said in April. The global OLED market is forecast to climb to $29.1 billion by 2022, from $13 billion this year, the company said in the statement, citing estimates by researcher IHS.

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