Sharp will begin shipping OLED panels next year in a move that may give Apple a third potential supplier of displays for the iPhone.
Samsung will ramp up production of OLED displays by more than 50 percent to meet demand from Apple and other smartphone vendors, according to a report from Nikkei.
Foxconn finally agreed to a deal to buy Sharp Corp., and it will do so at a steep discount from its original offer. Foxconn will spend $3.5 billion to take over the struggling Japanese consumer electronics behemoth, ending weeks of public negotiations. Foxconn had committed to pay roughly $6.2 billion for a 66 percent stake in Sharp last month before it reportedly discovered more than $3 billion in undisclosed liabilities, prompting it to shelve the deal.
Apple plans to ship the first iPhone with an OLED display as early as next year, according to a report from the Chinese branch of the Asian news organization Nikkei.
Apple is reportedly planning to remove the 3.5mm headphone port from its upcoming iPhone and will instead connect headphones through Bluetooth or the company's Lightning charging port. Separately, the company is also rumored to be considering moving to OLED screens on its future iPhones, reportedly prompting South Korea's LG Display to invest $8.71 billion to build an OLED panel manufacturing plant.
LAS VEGAS--Samsung's Stephen Woo, president of the company's components business, showed off a prototype smartphone with a flexible display here at the Consumer Electronics Show. While the company and others have long been working on such technology, the demonstration--during a high-profile keynote address--indicates the technology is inching closer to commercial reality.