Samsung may spend $7.47 billion to be an even bigger part of iPhone 7


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The iPhone 7 will be big business for Apple, but you know who else will be benefitting from it? That’s right: Apple’s long-time frenemy, Samsung.

Despite its own smartphone business running into problems, Samsung will reportedly play a massive part in iPhone 7 manufacturing. As well as the storage chips, RAM and processors Samsung already builds for Apple, a new report from Korea claims that Samsung Display is also Cupertino’s pick to supply Apple with flexible OLED panels for future iPhones.

And Samsung was willing to drop some serious coin to secure the contract.

The South Korean tech giant has allegedly already inked a deal with Apple, and is now in the process of investing a maximum of $7.47 billion to increase its OLED production capacity so that they meet with Apple’s standards and demands.

The end result of the cash injection for equipment and facilities means Samsung can produce 30,000 to 45,000 OLED sheets per month, with additional spending a possibility in order to up this number by an extra 45,000 sheets.

The company may also spend an additional $830 million this year expanding its OLED panel facilities for future Samsung Galaxy and Chinese smartphone handsets.

Previous reports suggest that Apple may additionally turn to LG Display for help building its next-gen iPhone displays — but today’s report leads us to believe that Samsung may well be Apple’s no. 1 partner in this new endeavour. Much to the chagrin of people who would like to see Apple kick the Samsung albatross to the curb.

Source: ETNews

Via: GforGames