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LG Display gets some love from Apple

Nibble At least $500 million worth
By INQUIRER Staff
Mon Jan 12 2009, 12:22

LCD SCREEN maker LG Display has landed a five year contract with Apple.

The world's second largest LCD manufacturer after Samsung, the South Korean company said in a filing with the Korean Exchange that it will trouser a $500 million advance from Apple this week. Neither company revealed the total size of Apple's sourcing commitment.

Company spokesman Son Young-Jun said, "Although LG Display already had a relationship with Apple, the deal's duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance."

LG Display already supplies about 70 per cent of Apple's notebook and monitor screens. µ

L'Inq
Reuters

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Comments
More IPS...

Well, it's LG you must go to to get IPS panels.

posted by : Bjorn, 12 January 2009 Complain about this comment
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