Apple will invest $2.7 billion in a new plant LG Display for the production of OLED panels
In the beginning of the month there was a rumor that Apple may invest from 1.7 to 2.6 billion dollars in new production lines, LG Display, which will be manufactured OLED panel for Apple devices.
The publication of the Investor, citing the Korea Economic Daily claims that the parties finally agreed on all terms. The amount of investment will amount to 2.7 billion dollars. From 2019 the new plant, LG Display will supply Apple with monthly 45 thousand OLED display for the iPhone.
Sources say that LG and Apple talk about their arrangement. The reason is that currently the exclusive supplier of OLED panels for Apple Samsung Display stands.
It is also expected that Google will invest 890 million dollars in the development of production of OLED by LG.