Samsung Display has finalized plans to invest US$7.4 billion in OLED equipment for production of curved OLED displays for Apple, according to Korea-based ET News. Apple will use the curved OLED panel supply for future iPhones as the company intends to shift away from LTPS TFT LCD to OLED, ET News said.

Samsung Display will expand production by 30,000-45,000 substrates in 2016 followed by 45,000 substrates in 2017, with total investment split between the two years.

Samsung Display is also expected to invest KRW1 trillion (US$823 million) in additional OLED manufacturing equipment to meet demand from China vendors in addition to Galaxy smartphones from Samsung Electronics.