Google has offered to invest at least 1 trillion won ($880.29 million) to help South Korea's LG Display Co boost output of flexible organic light-emitting diode (OLED) screens for smartphones, the Electronic Times reported on Monday citing unnamed sources.

Industry watchers said the latest move by the tech company is in line with its plan to use LG Display's OLED panels in its Pixel smartphones.

If the deal is reached, Google can also reduce its dependency on Samsung Display. LG Display would also benefit from Google's potential investment as the company has been seeking to move its focus to OLED panels from liquid crystal display products

LG Display said it cannot provide comments on speculation.