Report: Samsung Display terminates LCD contract with Apple

23.10.2012
Samsung Display will terminate its contract to supply LCD panels for Apple due to financial pressures caused by Apple's tight supply chain management, according to a news report published in The Korea Times on Monday.

Samsung can't provide Apple with displays at a steep discount and will stop supplying the company with LCDs next year, said the , which cited an unnamed Samsung source.

Samsung has been a key supplier of displays to Apple for its smartphones and tablets, but legal battles between the companies have opened a rift between them, the newspaper said. In one of the disputes, a California jury awarded Apple US$1.05 billion in damages this year for patent infringement, though the South Korean firm has appealed.

Apple did not respond to a request for comment, while a spokesman for Samsung in Korea said the report is incorrect. Samsung's display business is separate from the division that makes its smartphones, he said.

The Korea Times article is "100 percent false," the Samsung spokesman said via email.