LG Display who have the backing of Apple for the supply of display screens have forged an alliance with a leading Japanese materials Company in an effort to be a major player in the OLED TV and display market.
LG Display who have the backing of Apple for the supply of display screens have forged an alliance with a leading Japanese materials Company in an effort to be a major player in the OLED TV and display market.
Yesterday LG announced that they had cut a deal Japan’s Idemitsu Kosan to secure a stable source of OLED materials. This the Company claims will accelerate the growth of LG Display’s OLED business, which is emerging as a new growth engine” up against the struggling Japanese Company Sony, who originally claimed that they would be the leaders in the OLED display market.
To date Sony has still not delivered a 27″ OLED TV which was promised 18 months ago.
Idemitsu Kosan is an oil refiner active in OLED materials development.
OLED screens, increasingly used in premium mobile phones, use organic compounds that emit light when electricity is applied. Because they do not need backlighting, OLED panels are slimmer and more energy efficient than liquid crystal display panels.
But production costs and difficulties with larger screen sizes have so far held back the technology’s commercial prospects.
