According to the latest information from Display Supply Chain Consultants (DSCC), LG Display signed a long-term supply contract with Samsung Electronics for OLED and Liquid Crystal Display panels.
5 million W-OLED display panel supply contract
Yes, you read that, the companies agreed to 5 million W-OLED display panels in the next five years. The delivery volume for this year is estimated to be between 700,000 and 800,000 units, which is up to eight times higher than the estimated supply of 100,000 to 200,000 units last year.
For now, the South Korean tech giant has four OLED TVs in its lineup, including 55-inch, 64-inch, 77-inch, and 83-inch models.
LG Display is expected to supply 42-inch and 48-inch panels and it is anticipated that all products will be equipped with LG Display’s OLED panels. The source estimated that LG Display supplied Samsung Electronics with about 3 million LCD panels last year. This year, the supply is expected to increase to between 5 million and 6 million units.
Meanwhile, Omdia predicts that the share of OLED TVs in the premium TV market will exceed 50% for the first time this year. Additionally, the shipment of OLED TV panels is expected to increase by 20% from last year to 6.6 million units. By 2028, the shipment is predicted to surpass 10 million units for the first time.
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