Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
Volvo Cars Q2 Profit Falls as Automaker Bets on EX60 EV to Drive Recovery 
South Korea’s Coupang Fine Sparks U.S. Criticism, Raising Concerns Over Bilateral Ties 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
Trump Set to Unveil New Tariffs on Dozens of Countries as Global 10% Duty Nears Expiration 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
Samsung Electronics America to Cut 739 New Jersey Jobs as Texas Headquarters Move Advances 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Samsung Display will be benefiting big time as Apple ditches the LCD technology and shifts to organic light-emitting diode (OLED) display panels for its new iPad models. It was reported that the American tech company has chosen the South Korean display maker to be its supplier.
Apple is changing its iPad’s display panel
It was reported that Apple will no longer use the LCD technology for its devices and will be moving to OLED. The company’s range of smart devices will all be fitted with this type of panel, and this decision will surely bolster the profits of display makers, especially in South Korea.
As per The Korea Times, the iPhone maker is releasing the latest model of its iPad devices next year, and these will already have the OLED display. It was said that this will be the very first batch of Apple’s iPad to have the said type of panel display.
On the other hand, some of the company’s iPhones are already using OLEDs, so it is not totally new to Apple. Now, with the change, the publication stated that both LG Display and Samsung Display will be benefitting from Apple’s decision to change its iPad panels since they will be the main suppliers.
"The transition in the small to mid-sized display market to OLED is accelerating, as these are a superior, next-generation display," an insider stated. "This is set to benefit local display makers given Chinese competitors have yet to catch up in OLED technology."
In any case, the Korean firms are said to be planning to add more equipment for the production of the OLED displays so they can supply and meet the demand. LG and Samsung Display declined to say anything about the deal because this is about Apple’s business, and they are only its suppliers.
Preparation for a possible deal
Sam Mobile reported that Samsung Display is in the process of reviewing investment plans for its OLED production. Allegedly, the company is in talks with Dainippon Printing of Japan for the supply of fine metal mask (FMM), which is needed for making the said type of display.
Finally, while both Samsung Display and LG Display may be Apple’s official suppliers, it was said that the American firm may also pick just one from them. Still, if it will decide to go for only one supplier, S. Korea will still benefit from the deal as both are local companies.
