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Apple iPhone supplier LG pumps $ 2.6B in Korean OLED production




Tuesday, LG Display, one of Apple's OLED iPhone vendors, announced plans to invest 2.6 billion dollars against an existing OLED production line in South Korea.

  iPhone XS

The company predicts "tough" results for 201

9 when it migrates more of its business away from the LCD screen, Reuters said. The company has been slower than the chief rival Samsung in building out OLED capabilities, forced to play acquisition now that Chinese competitors are involved in their LCD business.

Samsung was for a time Apple's exclusive OLED provider for iPhones, since it was the only company with enough capacity to handle demand.

Apple probably needs LG to climb for several reasons – first of all, it is predicted to have two more OLED iPhones this fall and go all-OLED by 2020. A June report reported that LG had manufacturing problems iPhone panels, at least one first batch.

Apple is also known to prefer multiple vendors per component, as it not only gives redundancy in case of bottlenecks, but an opportunity to push parts costs through competition and the fear that Apple will drop orders.

Complicating the situation is a struggle between Japan and South Korea on forced labor from Nippon Steel during World War II. Korean display manufacturers like LG now have to go through hangers to import necessary chemicals, which apparently causes Apple to consider other options.


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