Apple could take a stake into LG Display’s OLED plant, reports the Korea Herald

July 03, 2017 // By Julien Happich
According to a news report from the Korea Herald, Apple and LG Display are discussing investment plans, whereby Apple could invest the equivalent of about $1.75 to $2.62 billion into the Korean display maker’s new OLED production lines exclusively dedicated to Apple orders.

A final decision on has yet to be taken and details of a tentative agreement have not been finalized yet, according to the report.

Apple’s fresh investment is expected to be poured into LG Display’s new plant, called E6, which has been widely rumored to be dedicated to iPhone orders. About 3.5 trillion won (approximately $30 billion) is needed for an OLED production line with a monthly capacity of 30,000 units of the sixth-generation OLED mother glass.

Korea Herald – www.koreaherald.com