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Apple Supplier to Spend $8.5 Billion on Future Screen Technology

LG Display Co., a supplier to Apple Inc., plans to invest about 10 trillion won ($8.5 billion) over the next three years to develop next-generation screens to reverse slowing growth and gain an edge over competitors.

LG Display will shift its investment focus to screens powered by tiny organic light-emitting diodes, or OLEDs, the Seoul-based company said in an e-mailed statement Monday. The world’s largest maker of liquid crystal displays is betting on growth in demand for advanced displays, including foldable screens, for wearable devices, cars and televisions.