Apple investing billions in LG’s OLED production

Apple is investing around $2.7 billion in LG’s OLED display production, The Korea Herald reports. That funding will help LG get up to producing 45,000 units each month, of which Apple’s orders alone are expected to account for 30,000. Samsung is currently the sole supplier of the OLED screens expected to debut in the iPhone 8 later this year, but KGI analyst Ming-Chi Kuo notes the panels have been “the single most troublesome component for Apple” in constructing the iPhone 8. Kuo said Apple is “committed to having LG Display geared up for its OLED iPhone display business in 2018,” and this latest round of funding seems to back that up. [via 9to5Mac]