It has been a rollercoaster trip for Korean tech conglomerates LG and Samsung. In 2021, it was reported that they have been about to succeed in a serious enterprise deal relating to OLED panels, however in 2022 it appeared just like the talks fell by. Now, in 2023, the talks might have resumed.
The Elec studies that Samsung Electronics and LG Show have resumed discussions on a deal that will see LG supplying greater than 200,000 white OLED (WOLED) panels to Samsung for a brand new line of Samsung-branded TVs that would launch as quickly as 2024. That quantity would doubtlessly be simply the beginning of an extended partnership.
When information of the negotiations first broke a few years in the past, it was reported that the dialog was began on the behest of the South Korean authorities in response to a global state of affairs whereby LCD panel-producing Chinese language corporations like BOE have been driving up the price of LCD panels, threatening Samsung’s TV dominance. At the moment, Samsung was all in on LCD expertise in its TVs, competing with LG’s rising give attention to OLED.
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