Samsung Will Receive Panels From LG For OLED TVs

The leader of the television industry, Samsung, came up with great news for the industry today. The company, which shelved OLED televisions in 2015 due to the high cost and unpreparedness of the market, became its biggest competitor. It will buy panels for OLED televisions from LG.

As part of the return of Samsung to its rival in its own territory, from this year on in the coming years, respectively 2 million, 3 million and 5 million LG OLED panels It is intended to be handed over to Samsung. First deliveries are in the current quarter, so before july expected to start.

The total value of the deal is approximately $15 billion.

According to Reuters, 2 million LG OLED panels are planned to be delivered this year. 1.5 billion dollars as an incredible value. LG will allocate 20% to 30% of its OLED production capacity to deliver these panels to Samsung.

Samsung had turned to OLED last year:

Samsung brought back the OLED panels, which it has been angry with since 2015, with the QD-OLED televisions it launched in 2022. He did not produce a panel for these televisions, Bought from Sony.

The leadership in the increasingly popular OLED television industry is in the hands of LG. OLED televisions sold 50% owned by LG It is followed by Sony with 26% and Samsung with 6%.

Samsung on its top-of-the-line TVs before returning to OLED QLED placed the panel. QLED costs less than OLED, but offers slightly lower image quality.

No official statement yet:

Samsung or LG have not yet shared an official statement regarding the deal, which includes OLED panels. The news emerged by Reuters with information obtained from sources. LG and Samsung, He also turned down Reuters’ request for explanation.

With the emergence of the news, LG Display’s share value increased by 2.4%. At the same time, Samsung’s shares rose 1.7%.