Samsung close to signing a deal with Apple to supply OLED panels for future iPhones

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Up until now, leaks have indicated that Apple is looking for OLED panel suppliers so that it can use OLED displays in future iPhones. The company has reportedly been in talks with Samsung, JDI, LG Display, and is even interested in investing money in AU Optronics to meet its requirements. 

Now, a fresh report coming out of Korea says that Samsung will be the only company that will be supplying flexible OLED panels to Apple for future iPhones. Both companies are close to signing a deal regarding this, and Samsung is now on track to invest $7.47 billion over the next couple of years to increase its production capacity for OLED panels. This significant investment will ensure that the company will be able to produce anywhere between 30,000 to 45,000 OLED panels per month.

If the need arises, Samsung will further invest $6.64 billion in 2017 to increase its OLED panel production capacity by an additional 45,000 units per month. The company is already on track to invest at least $830 million in its factories to meet the increasing demand of OLED panels from Chinese vendors and its own Galaxy lineup of smartphones.

Apple already relies heavily on Samsung for other key iPhone components. The Korean company has been fabricating Apple’s A-series of chipsets since the last few years and also supplies it with NAND and flash storage chips.

[Via ET News]