It was rumored for fairly a while that Samsung would possibly begin sourcing panels for its OLED TVs from LG Display. Samsung Display’s focus has largely remained on making OLED panels for cell units, thus requiring Samsung Electronics to look elsewhere for bigger panels required for its new lineup of OLED TVs.
The Samsung and LG Display deal was officially announced last year. Samsung could be sourcing LG Display’s WRGB OLED panels for its televisions. It was additionally reported lately that the 2 corporations have now extended the deal. A brand new report claims that Samsung Electronics can be buying as many as 5 million OLED panels from LG Display.
Samsung and LG Display’s relationship is blossoming
LG Display is (*5*) going to produce Samsung Electronics with 5 million white-OLED panels over the following 5 years. The provider is predicted to offer Samsung with as much as 800,000 items in 2024. That is as much as 8x greater than the estimated provide of 200,000 items final 12 months. It goes to indicate that the connection between the 2 corporations is not off course.
Samsung presently has 55-inch, 64-inch, 77-inch, and 83-inch OLED TV fashions in its lineup. It could launch 42-inch and 48-inch sizes as effectively with LG Display offering the panels for these fashions as effectively. Samsung may enhance its purchases of LCD panels from LG, going from 3 million items final 12 months to virtually 6 million items in 2024.
LG Display is in a singular place to capitalize on Samsung’s growing demand for OLED and LCD panels. The Korean large presently accounts for 80% of the worldwide OLED TV panel market, and likewise occurs to be the one firm mass producing OLED TV panels bigger than 80-inches.