MEXICO CITY, Mexico, in December. 30,2015.- South Korea’s LG Display Co Ltd and a unit of Samsung Electronics Co Ltd, will be the suppliers of screens organic light emitting diode (OLED) for Apple Inc’s iPhone, Electronic Times daily reported quoting sources unidentified.
The report comes after years of speculation that Apple will begin using the technology in their phones. OLED displays are thinner and offer better picture quality than those of liquid crystal.
The Japanese daily Nikkei reported last month that Apple plans to start using OLED screens on the iPhone since 2018 .
LG and Samsung are close to a final agreement with Apple, Electronic Times said, adding that South Korean firms have capital spending plans by a total of 15 trillion won (12,800 million ) to increase production capacity of OLED displays over the next two to three years.
Apple would provide part of the financing for both companies to help with investment, the paper said.
Display LG Display and Samsung declined to comment, while it was not possible to immediately contact Apple.
Samsung Display, which currently provides OLED screens to smartphones of its parent Samsung Electronics and Chinese companies, possibly You get a higher volume of orders from Apple that LG Display, the newspaper said.
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