Other companies too have distanced themselves from traditional LCDs, including LG and Panasonic.
Japan Display is still an important supplier to Apple for OLED panels in Apple Watch and LCD for iPhone XR.
Apple Inc plans to launch three new iPhone models this year, including one with an LCD screen.
LG Display ranks second by unit shipments in the large LCD panel market after China’s BOE Technology Group.
LG Display said its operating profit was 140 billion won ($123.2 million) for the July-September quarter.
This will produce OLED screens 20 percent to 30 percent cheaper than the current evaporation process.
Quantum dot semiconductor nanocrystals absorb Ultraviolet light and produce sharp, bright colours.
Japan Display has been caught out by a swift change in consumption trends, with handset makers shifting to the thinner and flexible OLED displays.
Amazon plans to make thousands of hiring offers in one day when it holds a job fair next week across the country.
Foxconn would add 500 jobs at a high-tech manufacturing facility in Pennsylvania hasn’t panned out.
Samsung’s new stretchable display can be rolled or bent into any form you want and it can go back to its original shape. Not only that, it can take dents up to half an inch deep.
The latest entrant in the bending game is Japan Displays Inc. as the manufacturer has revealed a 5.5-inch flexible LCD screen that can bend just like the OLED displays from Samsung and LG.
A joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp plans to build a 61 billion yuan ($8.8 billion) factory in China to produce liquid-crystal displays (LCDs).
Apple is rumoured to release iPhone 8 in OLED and LCD variants next year, of which OLED models are likely to sport curved displays.
The new smartphone is developed by Huawei in partnership with China Mobile, and not much has changed regarding design except minor changes like the position of LED flash and overall 0.3mm slimmer housing than Enjoy 6.
OnePlus may be looking at refreshing the OnePlus 3 with a newer model called the OnePlus 3 Plus or OnePlus 3S.
Japan's Sharp Corp said it will spend $570 million on its organic light-emitting diode (OLED) screen business - one of its first major investments since it was taken over by Taiwan's Foxconn although the amount pales in comparison to efforts by South Korean rivals.
South Korea's LG Display Co Ltd said it will invest 1.99 trillion won ($1.75 billion) to boost capacity for flexible organic light-emitting diode (OLED) displays, its latest attempt to meet growing demand from mobile device makers.
The Korean Times said that post separation the company's majority workforce has joined the OLED business. The move was to get rid off the unprofitable LCD business and focuss on OLED.
The 21:9 aspect ratio which LG calls 'CinemaScope' and the 5,120 x 2,160 UHD resolution (11 million pixels) means that viewing information can be can be pulled up on the side of the screen without cutting out the main image