LG invests 3.5 billion to grab an OLED screen iPhone8 order from Samsung

According to foreign media reports, with the first-mover advantage, Samsung now dominates the OLED screen market, and they even become the exclusive supplier of iPhone 8 OLED screens. However, its Korean compatriot LG is not willing to let go of the fat of the iPhone, they will grab the food from Samsung in the next year.

Korean media ET News cited the industry news that LG is investing heavily to expand its OLED screen production capacity, while their focus is switching from TV screen to smartphone screen, in order to get Apple's order.

It is reported that LG Display plans to invest 3.56 billion US dollars in the P10 plant in Paju, South Korea, and begin construction of the 6th generation flexible OLED screen production line next year. At first LG valued the large-size OLED screens used by TVs, but now they put the smartphone screen in the first place. It seems that the Korean giant wants to become the second largest supplier of iPhone screens through capacity enhancement.

LG invests 3.5 billion to grab an OLED screen iPhone8 order from Samsung

LG's bendable screen

Even if they can't win in the war for iPhone screen orders, LG still has a plan B. Their eyes are locked in the Chinese smart machine manufacturers. After all, Chinese manufacturers will definitely change the OLED screens in the future.

In April this year, it was reported that Samsung had the exclusive right to supply iPhone 8 OLED screens because they now have the highest level in the industry. It is reported that Apple first ordered 70 million screens, but if Samsung is fully productive, it will provide Apple with 95 million OLED screens by the end of this year.

Although Apple will definitely go away from LCD to OLED, they are now exploring more advanced microLED technology. It seems that it is not easy to be an Apple supplier.

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