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LG stops short of confirming Google OLED interest, says deal is not done yet
July 16, 2025
In a regulatory filing for the Korean stock exchange,LGconfirmed that it received offers of investment for its OLED display business, but stopped short from namingGoogleas one of the potential investors. The company cautioned that no deal has been finalized yet.
Yesterday, Korean mediareportedthat Google wants to invest at least one trillion won (around $880 million) in LG’s small-sized OLED display manufacturing operation. In exchange, Google would receive preferential access to LG’s smartphone display production, presumably for the next generation of the Pixel.
While LG did not confirm the potential deal with Google, the fact that it did notdenyit — in a regulatory filing, mind you — suggests that the multiple reports about Google’s massive investment in OLED may be grounded in truth.
Sources told theInvestorthat Google and LG have been in talks for two years over a potential investment, but Google has “recently become more flexible to rush the panel production.” According toETNews, Google doesn’t aim to take a stake in LG or to simply secure production. The one trillion won investment is said to be an effort to develop a strategic relationship with LG.
It’s not the first time Google is rumored to be considering a large investment in LG. In July 2015, LGissued an official rebuttal of rumorsabout a $2.2 billion investment from Google, rumors that had previously sent LG’s stock up 14 percent.
If Google does end up pouring money into LG, it wouldn’t be unprecedented in the mobile industry.Apple, for instance, has invested billions to prop up suppliers throughout its supply chain. The fact that Google is mulling a similar strategy indicates the company is serious about its hardware efforts.
Now read:Is an OLED supply crunch coming?
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