LG Display will supply OLED panels to Samsung

LG Display has reached an agreement to supply OLED panels for TVs to Samsung Electronics. Insiders report this to the Reuters news agency. LG would initially mainly supply 77 and 83″ screens to the tech giant.

LG Display may already deliver the first OLED panels to Samsung this quarter, two sources report to Reuters. The screen manufacturer will deliver two million OLED panels to Samsung in 2024. In the following years, those numbers should increase to three and five million panels. Samsung Electronics wants to expand its range of OLED televisions with this, the news agency writes. Since last year, the company has been selling televisions with QD OLED panels, which are produced by sister company Samsung Display. They use blue OLEDs with a quantum dot color filter. LG’s panels use white OLEDs and are therefore also called ‘woled’

According to Reuters, Samsung will initially only purchase OLED panels of 77 and 83″ from LG. Samsung currently supplies its own QD OLED screens in variants of 55, 65 and 77″. Televisions with LG’s OLED panels would probably also become available. The deal would see Samsung overtake Sony as the second largest supplier of OLED TVs after LG Electronics.

Rumors have been circulating for some time about an OLED deal between LG Display and Samsung Electronics. The first reports about this went around in 2021. South Korean media reported in April 2022 that the two companies were specifically negotiating the supply of relatively cheap OLED panels. In July, those negotiations were halted. Those talks would have resumed last month, reported The Elec already.

Samsung’s current S95C television with QD OLED panel