News: New LG Display contract for Apple

The LCD manufacturer LG Display has started a long-term five year contract with Apple.

The news initially became leaked because of the Securities and Exchange Commission's regulatory filings.

There have not been many details disclosed, but the company said it would be receiving a large payment of $500 million us dollars by the end of the month.

LG already has been supplying Apple with more than half of its LCD displays, so there should not be any worries over quality issues related to this new contract.

LG is the second largest manufacturer of LCD displays in the world after Samsung.

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