New Deal Makes Samsung Apple’s Biggest Flexible OLED Provider?
For the past year or so, there have been countless rumors to suggest that Apple intends on making a few significant changes in its display department, with several reports hinting that the Cupertino giant might switch from LCD to OLED for its iPhone lineup in, or around 2018.
Evidently, since Samsung is one of the largest OLED manufacturers in the world, the Korean company didn’t go by unmentioned in these Apple-related rumors; most of which claimed that Sammy could become Apple’s main OLED supplier.
Today we make a U-turn and touch on this topic once more, as fresh reports from Korea claim that a new deal (which was also previously mentioned in November) between the two tech giants practically ensures Samsung’s involvement in Apple’s plans. Reportedly, Samsung is now preparing for big investments in its flexible OLED facilities in order to meet Apple’s large supply demands.
Samsung Becomes Apple’s Biggest OLED Provider?
According to a new report from Korea, Samsung will be the one to supply Apple with flexible OLED panels for future iPhones. Allegedly the Korean OEM already signed the deal with Apple and is now preparing to invest a total of $7.47 billion over the next couple of years to increase its OLED production capacity and meet Apple’s demands.
Sources say that Samsung will invest anywhere between $2.49 billion and $3.32 billion in its OLED plants by the end of 2016 – an investment that will ensure the production of 30,000 to 45,000 OLED sheets per month.
An additional $6.64 billion might be spent on increasing the production capacity in 2017 by additional 45,000 OLED sheets per month. Furthermore, the company could reportedly invest an additional $830 million in 2016, in order to expand the production capacity of OLED panels designed for Samsung Galaxy and Chinese smartphones too.
As yet there’s no official word on the matter, but as usual, we’ll keep you up to speed if the story develops further.