Apple in Talks to Invest Billions into LG OLED Production Lines

Apple in Talks to Invest Billions into LG OLED Production Lines

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Apple is in talks to invest $1.75 to $2.62 billion into new LG OLED production lines that would be exclusively dedicated to the company's orders, reports The Investor.

According to news reports on June 3, the two firms have tentatively agreed on the investment plans, even though details, including investment timing and size, have not yet been finalized. The final decision is expected to be made after the company’s board meeting later this month.

The news comes as Samsung Display is planning to build the world's largest OLED plant in an effort to snatch up demand before its competitors ramp up production capabilities.

“Samsung Display is the only display maker that meets Apple’s strict quality criteria for now,” said an industry source on condition of anonymity. “LG Display is said to be meeting about 70 percent level of the requirements, while Chinese display makers are still struggling to catch up with that of LG.”

Apple's investment would go towards LG's new plant, called E6, which is rumored to be dedicated to iPhone orders. An OLED production line with a monthly capacity of 30,000 units is said to cost about $3 billion.

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Apple in Talks to Invest Billions into LG OLED Production Lines
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