Get rid of Samsung’s dependence on Nikkei: LG’s OLED orders soar fivefold
04
Aug 2020

Kirsten Thomas

Get rid of Samsung’s dependence on Nikkei: LG’s OLED orders soar fivefold

South Korean panel supplier LGD has suffered a series of losses recently, but the company’s CFO Seo Dongxi said that with the launch of an OLED panel production plant for smartphones in Paju, the company’s revenue is expected to improve in the second half of this year. The Nikkei News said that in the production plan of the newly opened factory, there are orders from Apple.

According to news reports, this year’s iPhone flagship models will fully adopt OLED panels. In order to get rid of the dependence on Samsung’s display, Apple’s increased panel demand will be filled by LGD, so LGD will provide 5 times more than last year. Of 20 million OLED panels.

However, Apple’s reliance on Samsung’s display is still high. The report also pointed out that this year’s iPhone’s OLED panel is still mainly supplied by Samsung’s display, and Apple’s ordering volume has increased compared to last year and will reach about 6 Thousands of pieces.