The Apple Watch Ultra was reportedly the first Apple product to have a microLED panel. (Photo: HWZ)
TheElec reports that LG Display has submitted a request for compensation from Apple over the purported cancellation of the microLED Apple Watch Ultra project.
The South Korean company is said to have invested heavily in the microLED project by purchasing equipment worth millions, moving machinery from factory to factory, and hiring manpower.
LG Display also reportedly purchased 14 patents related to microLED last year, which were related to the "transfer printing process". This process is key to achieving higher yields.
Industry sources told TheElec that the compensation could be included in the price of OLED panels that LG Display is already supplying to Apple for the iPhone and iPad.
No matter the outcome of this request, it is almost certain that the other companies in the supply chain will be motivated to seek compensation of their own from Apple, including ams Osram and manufacturing equipment firm Kulicke & Soffa.
Source: TheElec via AppleInsider
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