The leader of the television industry, Samsung, brought some great news for the industry today. The company, which shelved OLED TVs in 2015 due to high costs and market unpreparedness, became its biggest competitor. It buys panels for OLED televisions from LG.

As part of Samsung’s return to its home turf rival, starting this year and the next few years respectively 2 million, 3 million and 5 million LG OLED panels It is planned to be handed over to Samsung. The first deliveries are in the current quarter, so for July expected to start.

The total value of the deal is approximately $15 billion.

According to Reuters, LG will ship 2 million OLED panels this year. 1.5 billion dollars as an incredible value. LG will allocate 20% to 30% of its OLED production capacity to supply these panels to Samsung.

Samsung had turned to OLED last year:

Samsung brought back the OLED panels, which it has been angry about since 2015, with the QD-OLED televisions it launched in 2022. He didn’t produce a panel for these televisions, Bought from Sony.

The leadership in the increasingly popular OLED television industry is held by LG. OLED televisions sold 50% owned by LG It is followed by Sony at 26% and Samsung at 6%.

Samsung on its top TVs before returning to OLED QLED installed the panel. QLED costs less than OLED, but offers slightly lower image quality.

No official statement yet:

Samsung or LG have not yet shared an official statement about the deal, which includes OLED panels. The news came out through Reuters with information obtained from sources. LG and Samsung, He also rejected Reuters’ request for an explanation.

With the emergence of the news, the value of LG Display’s share increased by 2.4%. At the same time, Samsung shares rose 1.7%.