LG Display to supply W-OLED panels to Samsung, expected to reduce deficit = South Korea

Major display companies LG Display (LGD) and Samsung Electronics have announced that they have agreed to a long-term supply contract for organic EL (OLED) and liquid crystal display (LCD) panels.
It became clear. LGD is expected to supply 5 million white OLED (W-OLED) panels to Samsung Electronics over the next five years. Expected delivery size for this year is 700,000 to 800,000
This is far more than the estimated 100,000 to 200,000 units supplied last year. US research firm DSCC predicts that LGD will also supply 40-inch panels to Samsung Electronics. LG
D is the only company in the industry that offers a full lineup of OLED panels for TVs from 42 to 97 inches. On the other hand, Samsung Group's display manufacturer, Samsung Display,
It only produces 55-, 56-, and 77-inch QD-OLEDs using child dot technology. This contract is a great opportunity for LGD, which wants to increase shipments of OLED panels to improve its performance.
This will be a major opportunity to restore profitability. The company is expected to post an operating loss for the January-March period this year, but the scale will be 647 billion won (approximately 72,496.1 million yen), about 4% compared to the same period last year.
It is expected to shrink by 50 billion won (approximately 50,416,420,000 yen).