Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 
Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump 
OCBC Q1 Profit Rises 5% on Strong Wealth Management and Non-Interest Income 
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector 
Reliance Industries Reworks Jio IPO Into Fresh Share Sale Amid Valuation Talks 
Dell Stock Hits Record High After Trump Endorsement, AI Server Demand Fuels Rally 
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
K+S Raises 2026 Earnings Outlook After Strong Q1 Results 
CSL Shares Crash as Profit Warning and $5 Billion Impairment Shake Investors 
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth 
Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case 
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia 
Armani Group Eyes Strategic Stake Sale to Luxury Giants 
Apple is said to be preparing for the launch of its newest iPhone series that will feature a foldable screen. The American tech company is now taking steps to produce its own foldable phones that are expected to be released in 2023.
LG’s deal with Apple
As part of the preparations, The Korea Times reported that LG Display had been tapped by Apple to be its supplier for the foldable screen panels. Sources revealed this information just last weekend.
"Given Apple's shift to actively adopt low-temperature polycrystalline oxide (LTPO) technology, and with LG Display investing to guarantee volume capacity and stabilize production yields of LTPO-based OLED panels at its E6 manufacturing line in Paju, the company's main display cluster, it's possible that LG will supply these foldable displays for Apple's new iPhone model," a senior executive in the tech industry stated.
But then again, the source said that LG Display might only have a limited capacity to supply. This is why the South Korean company will just be a secondary supplier that will provide the screen panels to Apple for its upcoming foldable phone models.
"The general tendency is to secure multiple suppliers as a means to manage risk, whether it is for TVs or smartphones," a source said. "This also helps bring down supply costs."
Another insider revealed that both LG and Samsung asked Apple to develop devices that will use LTPO-based OLED since they can make this very well, and the American company agreed. Thus, Apple’s foldable phones are likely to have OLED panels.
"Samsung and LG Display asked Apple to develop a project for the use of LTPO-based OLED displays for its new models, and Apple accepted," the insider shared. At any rate, LG Display could not be reached for comments about the deal with Apple as its panel supplier.
LG is Apple’s first option for its folding iPhone
The news about Apple tapping LG Display to be its partner to develop its first foldable phone was speculated last month. It was said that the South Korean firm accepted Apple’s suggestion, and it has been decided that LG Display will also provide the panel displays.
The report stated that Apple’s work on the development of its foldable phone has started even before it contacted LG Display. Meanwhile, the team-up may go beyond the supplying partnership as they still explore other tech development projects.
