November 29, 2022

SEOUL, April 10 (Yonhap) — U.S. Web big Google Inc. is prepared to make an funding totaling some 1 trillion gained (US$876 million) into LG Show Co.’s versatile natural light-emitting diode (OLED) panels, business sources mentioned Monday, in an obvious bid to safe a steady provide.

Business watchers mentioned the newest transfer by the tech firm is in step with its plan to make use of LG Show’s OLED panels in its Pixel smartphones.

If the deal is reached, Google may also scale back its dependency on Samsung Show Co., one other South Korean panel maker.

LG Show mentioned it can not present feedback on hypothesis circulating out there.

Business watchers mentioned Google is looking for to kind a strategic partnership with LG Show via the deal, fairly than simply making a purchase order settlement.

LG Show can even profit from Google’s potential funding as the corporate has been looking for to maneuver its focus to OLED panels from liquid crystal show (LCD) merchandise.

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