LG Display Co, which is a supplier of displays for of Apple, will invest more than 10 trillion won (about $ 8.7 billion) to build a new factory and expansion of a new display type , which is characterized by low power consumption, brighter colors and will make mobile devices even thinner.
The new factory will produce LG OLED-displays for large television sets, smart watches and car entertainment systems. It will start its work in the first half of 2018. Earlier in August, the heads of LG Display said that the company plans to spend about 10 trillion won over the next three years to develop new advanced screens that offer a brighter and sharper image than LCD.
Investments in production increase competition with the company LG Display Samsung Display, which is currently the leading manufacturer of OLED-panel, supplying displays Apple, Samsung and leading Chinese manufacturer of smartphones.
A Japanese edition of the Nikkei, citing unnamed sources, reported that Apple plans to abandon the LCD-displays for the iPhone in favor of OLED in 2018.