LG to supply Samsung TV OLED panels

Among the TV panel manufacturers, there are two rival figures – Samsung and LG. However, these companies have now become partners.

According to media reports, Samsung has struck a deal with LG to supply OLED displays for the Samsung Display division. It turns out that Samsung will buy panels from its longtime competitor for the first time.

Now the parties need to discuss the remaining formalities, after which the deal will be documented. According to unofficial data, Samsung plans to purchase at least 1 million panels from LG by the end of this year, and 4 million next year, which is already about half of LG’s current production capacity.

Sources say the reason for the deal is to raise the price of LCD panels. What will happen to QD-OLED is not yet clear. Recall that this is a new proprietary technology that combines organic light-emitting diodes with a quantum dot filter.

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Author: John Kessler
Graduated From the Massachusetts Institute of Technology. Previously, worked in various little-known media. Currently is an expert, editor and developer of Free News.
Function: Director

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