According to Reuters, South Korea's LG display company said on Wednesday, will invest 1.99 trillion won ($1.75 billion) to improve the production of flexible OLED (organic light emitting diode) display, in order to meet the growing demand of mobile equipment manufacturers. OLED is widely considered to replace the LCD, be the future standard configuration of the smart phone. Flexible display refers to surface or folding screen.

LG is the world's largest LCD panel makers, but with OLED TV production, has always been a concern in the smartphone OLED panel manufacturing, behind samsung display co., LTD. LG in a filing to regulators, according to the file will be in South Korea to build new small and medium size flexible OLED panel production line to meet the growing demand. LG display company CEO Korea phase fan said in a statement: "to shift towards OLED display industry is both challenge and opportunity."

Investment in new production line can make the LG display in the second half of 2018 to improve production capacity. But on the day of LG display company reported second-quarter results show that, the company's net loss of 84 billion won, and in the same period last year net profit of 363 billion won. Samsung has adopted the OLED screen on the flagship phone, although this is more difficult to produce, but the color is more bright-coloured, thinner, can do surface screen and without borders. Analysts expect the apple on the next release of the iPhone may adopt OLED screen. In response, apple did not immediately respond to comments.

IHS Markit, senior director David xie (David Hsieh) said: "apple with OLED screen will be OLED display industry milestone." The company said in a report published on Tuesday, is expected to replace the LCD to the OLED screen in 2020 become dominant display, smartphones accounted for 36% of smartphone shipments. Most analysts believe, samsung display company win contracts for apple iPhone OLED screens next year, but samsung declined to comment.