Google Offers $1.2B For LG OLED Displays
Google has reportedly offered a 1 trillion won ($1.17 billion) investment to LG Display to boost production of OLED displays for use in the next Pixel smartphone.
As part of its investment, Google plans to avoid problems it faced securing OLED displays for the first Pixel smartphone by allowing LG to open a new production line, according to a report from the Electronic Times (via ZDNet).
LG’s display division does not currently have the capacity to build the bendable OLED displays reportedly required for the next Pixel, but it has been supplying smaller versions for use in LG smartwatches as well as the Apple Watch.
According to a report last week, Samsung will supply 70 million OLED panels to Apple for use in the next iPhone. Reports have also indicated that demand for OLED panels by smartphone manufacturers is outgrowing supply.