Apple Extends Relationship with LG with 5 Year Display Contract
January 12th, 2009 at 5:40 PM - News by Bryan Chaffin
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.
1 Observer Comment
Who produces the iMac displays? Anyone know?
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