LG yet to confirm Google’s $880m OLED display investment for rumoured Pixel 2

It was recently reported that Google is planning to invest $800 million in LG Display to secure flexible OLED displays for its rumoured Pixel 2 smartphone. Now, a report from The Investor website has claimed that LG is yet to finalize the deal. The company has also provided an official statement on the issue.
According to the website, LG Display has said that “Nothing has been decided on the issue”.
The company further added, “It is true that a growing number of clients are showing interest in flexible OLED with the market’s expansion recently.”
It is worth mentioning that although LG has not decided on the investors yet, it has not denied Google being one of the investors in its display division either. The funding is said to ramp up the production of flexible OLED displays.
The report further suggests that LG has injected KRW 1.5 trillion and KRW 1.99 trillion in two of its plants in Gumi, North Gyeongsang Province and Paju, Gyeonggi Province. The Gumi plant is said to commence production in Q3 this year, while the Paju plant will begin production next year.
Curved screens seem to be the biggest trend for flagship smartphones this year. Samsung’s recently-launched Galaxy S8 and Galaxy S8+ smartphones sport edge-curved displays and there have been rumours that Apple’s 2017 iPhones may have them as well. Google seems to be eager to join the bandwagon too.
Google’s Pixel and Pixel XL smartphones come with AMOLED displays that are supplied by Samsung . But the search giant may be planning to switch the display panels, following rumours that Apple has struck a deal with Samsung for 70 million bendable OLED panels for its upcoming iPhones.
At this year’s MWC, Google’s senior vice president of hardware Rick Osterloh confirmed the arrival of successors to its Pixel and Pixel XL smartphones.