Reuters - Samsung and LG finally sign a WOLED TV supply agreement, Samsung to buy 2 million OLED TV panels in 2024

LG Display has been negotiating a WOLED TV panel supply agreement with Samsung Electronics for a long time, and last year the company were close to an agreement, but discussions were halted in July 2022, and Samsung continued to launch its QD-OLED TV range. Last month it was reported that the two Korean companies are in talks again, and now Reuters says that LG and Samsung finally officially signed the supply agreement.

According to Reuters, LGD will start supplying panels to Samsung as early as this quarter (i.e. by the end of June 2023). Samsung agreed to order 2 million WOLED TV panels from LG in 2024, and this will grow to 3 million in 2025 and 5 million in 2026. The first panels will be 77-inch and 83-inch in size, but LG is likely to also supply smaller panels to Samsung. 


LG Display is currently suffering from low demand to OLED TV panels, and has delayed investments in new fabs. This new deal with Samsung will be excellent news for the company, and will likely mean that LG will need to increase production capacity to meet the demand from Samsung in later years. It will be interesting to watch whether LG will indeed announce new investments in capacity or new fabs soon.

Posted: May 16,2023 by Ron Mertens