Google Inc has agreed to invest atleast 1 trillion won ($880.29 million) to assist South Koreais LG Screen Company Ltd boost output of organic lighting-emitting diode (OLED) displays for smartphones, the Electric Situations noted on Wednesday citing unnamed sources.
The document stated Google presented the investment to secure a stable supply of variable OLED screens because of its next Pixel smartphones. Samsung Electronics Co Ltdis flagship Galaxy smartphones use the elastic features, while Apple Inc is expected to begin using them in atleast a number of its next iPhones. LG Screen decreased to comment, while Google couldn’t be immediately attained for comment.
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