Google reportedly investing $880M in LG OLED for Pixel phones
The tech giant is seeking to invest at least 1 trillion won ($880.29 million) in LG's display business to help boost its output of OLED screens, according to a report.
Google launched its first Pixel phones towards the end of 2016 with 5-inch and 5.5-inch OLED displays. The phones were well received, but the panels it needed to make the phones are in short supply and not always easy to come by in big quantities. Google is reportedly hoping to avoid shortages in the future by investing in the tech.
LG Displays makes most money on OLED producing larger displays for TVs, but Google's investment would help it create a dedicated production line for smaller and medium-sized OLED displays that should guarantee better supply next time around. It would also guarantee Google priority when it comes to getting the number of screens it needs.
Google and LG Display did not immediately respond to requests for comment.