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A deal is reached in Samsung’s bid to buy OLED panels from LG

Deal comes on the tail end of multi-year negotiations

It looks like LG and Samsung’s multi-year negotiations have finally come to a close, as Reuters is reporting that the two tech powerhouses have signed a deal that will have LG supplying Samsung with WOLED panels. The two companies have been on-and-off negotiating over OLED panels since 2021, as panel production has wavered over the last several years.

According to the report, the deal will see LG supplying 2 million panels in 2024, 3 million in 2025, and 5 million in 2026. The panels will be of the 77-inch and 83-inch variety. While not set in stone, LG may begin supplying some number of panels this quarter.

 

 

The following was originally published April 18, 2023:

In 2022 reports surfaced that Korean tech giants LG and Samsung had halted negotiations on a purported major deal regarding OLED panels, with flatpanelshd quoting LG Display’s CFO as saying “Our new client (Samsung Electronics) had sought to use our OLED panels. While there had been some progress, the process has come to a halt at the moment.”

Now, The Elec has reported that the deal is back on. Furthermore, undisclosed sources are stating that LG Display could possibly supply up to 300,000 units of W-OLED panels to Samsung initially, which would allow Samsung to launch TVs utilizing the panels sometime next year.

The publication goes on to state that the reopening of negotiations is due to Samsung’s increasing reliance on Chinese display manufacturers that are excelling in LCD panels, as the company closed down its LCD manufacturing operations last year. With consumers being increasingly more interested in OLED displays, Samsung is looking to diversify its offerings.

 

See also: Samsung debuts Flex Hybrid foldable, stretchable display tech

 

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