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Apple's new $12.8 billion deal for OLED panels involves Samsung & LG

Apple lands a new $12.8 billion deal with LG and Samsung for OLED panels for next-gen iPhones
By: Anthony Garreffa | Mobile Devices, Tablets & Phones News | Posted: Dec 31, 2015 3:41 am

It looks like OLED is set to go mainstream, with Apple reportedly handing over a large chunk of cash in a new deal with competitors Samsung and LG for OLED panels for its next generation iPhone.

 

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According to Reuters: "LG and Samsung Display are close to a final agreement with Apple for the screens, the Electronic Times report said, adding the two Korean firms plan a combined 15 trillion won ($12.8 billion) in capital expenditure to build up OLED production capacity over the next two to three years".

 

The latest rumors have Apple using OLED panels in their iPhones starting in 2018, which would give Samsung and LG a few years to get mass production of OLED panels underway.

NEWS SOURCES:Wccftech.com

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