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Biz News Korea(Eng)
LG Display shares up 1% upon rumored Google invest in flexible OLED
- Collected
- 2017.04.10
- Distributed
- 2017.04.11
- Source
- Go Direct
Shares of LG Display closed Monday up 250 won at 30,100 won. LG Display is yet to confirm or comment on the rumor. The top Korean panel maker is a leader in liquid crystal displays and OLED screens for TVs. Its local rival Samsung Display, however, dominates the OLED market for smartphone screens as the supplier for Samsung Electronics smartphones that have long used OLED for its display. The demand for smaller-screen OLED is jumped due to growing need for flexibility in phone display and applications for smart devices. Samsung Display that supplies OLED displays to most smartphone makers including Google has been contracted to deliver OLED panels for Apple’s iPhones and would not be able to meet additional large-scale demand.
An investment of 1 trillion won would be enough to finance a line devoted to roll out flexible OLED displays and would suggest a long-term OEM partnership with LG Display.
Google’s first premium Pixel phone powered by its personal assistant received positive reviews since its debut last year, but has had trouble securing the essential components as a latecomer in the market.
By Lee Dong-in
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