According to recent reports from overseas media, back in late May, it was announced that LG Display intended to invest 4 trillion Korean won (approximately $3.5 billion USD) to construct a brand-new facility for manufacturing smartphone OLED displays in South Korea. However, based on LG's latest financial statements, this initial investment figure seems insufficient. Industry experts now suggest that LG Display may need to further allocate an additional 9.6 trillion Korean won (around $8.5 billion USD) toward its OLED-related projects. A significant portion of this additional funding is believed to stem from Apple’s influence in the market.
Industry analysts argue that Apple has played a pivotal role in driving LG Display's decision to ramp up its OLED investments. It is reported that the second phase of LG Display’s 9.6 trillion Korean won initiative will be split into two distinct areas. Approximately 5 trillion Korean won will go towards the development of mobile OLED display panels, while the remaining 4.6 trillion Korean won will support upgrades at existing facilities to accommodate larger equipment such as those used in smart TVs. Yet, considering LG Display’s current cash reserves stand at around 7 trillion Korean won, securing further capital for this expansion will require external funding.
At this point, much speculation has centered around Apple as a potential financier. To meet the full investment requirements, LG Display would need over 2 trillion Korean won, aligning with persistent rumors suggesting a collaboration between Apple and LG Display. While neither company has officially confirmed or denied these negotiations, experts believe that no substantial progress can be made without a formal agreement being signed by both parties.
If Apple does decide to contribute financially, the rewards could be substantial. With the upcoming iPhone 8 expected to adopt OLED screens, Apple faces the risk of supply chain constraints down the line. By investing in LG Display, Apple aims to secure a stable source of OLED panels for future models. Industry insiders speculate that all OLED panels produced by LG Display's new facility might eventually be reserved exclusively for iPhones.
However, recent developments indicate that Apple may already be taking steps to mitigate dependency on external suppliers. Reports surfaced earlier stating that Apple had purchased its own OLED production line. This suggests that the primary OLED screen suppliers for the iPhone 8 could include not only LG Display but also Samsung Display and potentially Apple itself.
While this move signifies Apple's ambition to control critical components in its devices, it also highlights the intense competition within the tech industry. For LG Display, securing Apple's backing could prove transformative, allowing them to expand their capabilities and maintain their position as a leading player in OLED technology. Meanwhile, Apple's involvement underscores its commitment to ensuring innovation and quality across its product lines.
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