Apple is close to signing a final agreement with LG Display and Samsung to provide OLED screens for next-generation iPhones, according to a new report from ET News [Google Translate] (via Reuters). The OLED panels are rumored to be included with iPhones starting in 2018.

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The two Korean companies plan to spend around $12.8 billion (15 trillion won) combined to build up OLED production capacity over the next two to three years. ET News also adds that Apple is likely to provide some funding to both LG and Samsung to help with their investments. Additionally, LG plans on converting existing LCD production lines into OLED production lines to reduce costs. Samsung, on the other hand, will produce 30 percent fewer orders than LG.

Last month, Nikkei reported that Apple plans to switch iPhones over to OLED displays starting in 2018, with both LG and Samsung sharing a large portion of OLED panel production. LG was already planning capacity upgrades for high-volume OLED screen production that would be required for iPhone demand. Earlier this month, it was reported that Japan Display was also planning mass production of OLED displays for iPhones starting in 2018.

OLED displays can provide sharper images and brighter colors compared to LCD displays. However, OLED displays tend to have shorter lifespans and come with higher manufacturing costs. Apple has been reportedly "consulting with display makers" on how to minimize potential drawbacks.

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Tags: Samsung, OLED, LG Display
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