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Report: Google investing $876M into LG to secure phone OLED supply

Published 04/10/2017, 02:38 PM
Updated 04/10/2017, 02:38 PM
© Reuters.  Report: Google investing $876M into LG to secure phone OLED supply
  • Google (GOOG, GOOGL) is offering a facility investment of 1T Korean won (about $876M) into LG Display's (LPL +0.3%) flexible organic light-emitting diode displays, according to a report in South Korea's Electronic Times.
  • The purpose is to secure supply to be used on Google's next-gen Pixel phone, according to a Google translation of the report. Display supply issues crimped order fulfillment when the Pixel's first release proved to be very popular with buyers in the fall.
  • Google won't require proprietary lines, and the investment size could end up even higher, the report says.


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