Samsung reportedly inks deal to buy OLED TV panels from rival LG Display

From The Verge: Samsung Electronics is close to ordering millions of OLED TV panels from LG Display, according to new reports from MTN, ETNews, and Seoul Economic Daily. Officials reportedly met recently to agree to the deal, which would see 1 million panels supplied to Samsung in the second half of this year, rising to 4 million panels next year. If the deal is finalized, it would be the first time Samsung has bought OLED panels from its South Korean rival and market leader. TVs with LG’s OLED panels consistently rate amongst the best in professional reviews.

Samsung exited the OLED TV market over half a decade ago. Today, LG Display supplies OLED panels to a variety of TV manufacturers including Sony, Vizio, and Hisense, as well as LG Electronics. Last year LG Display announced an expansion of its OLED production lines, and market research firm TrendForce says its production capacity is due to further increase in the second quarter of this year. MTN reports that LG Display’s total OLED TV panel production capacity is around 8 million units this year.

Today’s reports are the latest indication of Samsung’s shift away from LCD panels, which it currently uses across its television lineup. Even its QLED TVs still use LCD panels behind that quantum dot layer. Last year Samsung Display announced it would stop producing LCD panels in the face of stiff price competition from Chinese competitors, however it reportedly postponed this shutdown after the pandemic led to a rise in demand.

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