Apple Inc. is in negotiations with Sharp Corp. to secure organic LED displays for the iPhone maker's next generation of devices, according to a person familiar with the matter.
Any supply pact for organic light-emitting diode displays, would hinge on the Osaka-based firm's output capacity, said the person, who asked not to be identified as the talks are not public. The talks stem from Apple's desire to raise the number of OLED screen suppliers, the person said.
On Friday, Sharp announced it will invest ¥57.4 billion ($566 million) in the development of OLED production facilities, with the goal of starting output by June 2018. The funds will be used for equipment in Sharp's factories in Mie and Osaka prefectures, and to deliver samples to customers, it said in a statement.