LG Display has struck a long-term deal with Apple to produce 15-inch organic, light emitting diode displays for use in its devices. The screen being displayed at the International Consumer Electronics Show CES-2009 in Las Vegas this week and is being prepared for mass production as you are reading this piece.
LG Display made it official today that Apple and the South Korean chaebol would be providing Apple with its new panels for five years. The deal is very important to the world’s second largest LCD maker in times like these, reports suggest. The contract between the two companies calls for LG to receive an advance payment of $500 million sometime this month.
However, it’s not just Apple’s desktop computers and notebooks that are getting the new screens, but even the company’s iPods and iPhones, the same reports show. LG Display and Apple were going to decide later on details such as the number of panels LG would provide, LG said in a statement. The Seoul-based conglomerate declined to provide further details.
Source
Update: Official Press Release are talking about only LCDs!?
LG Display Co., the world’s second-largest maker of liquid-crystal displays (LCD), said Monday it has signed a contract with Apple Inc. to supply LCDs to the U.S. computer maker.
LG Display Co. has reached a long-term deal with Apple Inc. to supply flat panels to the iconic maker of computers, music players and smart phones.
The contract between the two companies is for five years and calls for LG to receive an advance payment of $500 million sometime this month, the South Korean company said in a regulatory filing Monday.
Seoul-based LG Display and Apple, headquartered in Cupertino, California, planned to decide later on details such as the number of panels LG will provide, LG said.
