Google ready to invest $800 million into LG’s Display Co

The strategic move will provide a free flowing supply of OLED displays for Google’s Pixel smartphones.

The Electronic Times has reported citing unnamed sources that Google has offered to invest at least $880.29 million (1 trillion won) in South Korea’s LG Display Co Ltd.

Google’s investment will boost the output of organic light-emitting diode (OLED) screens for smartphones, tablets and TVs.

The Electronic Times said Google’s investment will help it secure a stable supply of flexible OLED screens for its next Pixel family of smartphones.

Samsung Electronics Co’s flagship Galaxy S8 already uses the bendable displays, Apple on the other hand is expected to feature them in its upcoming iPhones.

While Google could not be immediately reached for comment, LG Display declined to comment.

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Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

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