Apple Extends Relationship with LG with 5 Year Display Contract

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Bryan Chaffin

5:40 PM, Jan. 12th ET, 2009

Articles by Author Bryan Chaffin on Twitter Contact Author Bio

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Apple Displays Apple Inc. has broadened its relationship with LG Display with a new five year contract with the company to supply LCD panels for Apple's product line. Reuters reported that the deal included a US$500 million advance from Apple, one of the world's richest tech companies, to LG Display, the world's second biggest maker of LCD screens.

"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," Son Young-jun, a spokesman for LG Display, told Reuters. LG Display already provides some 70% of Apple's displays for notebooks and Cinema Displays.

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1 Observer Comment

iJack

said on January 13th, 2009 at 12:20 AM (Edited: 09/26/2011 1:30 PM):

Who produces the iMac displays? Anyone know?

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