Google has offered to invest $880 million to LG display to boost its output of OLED display panels

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

The paper said Google offered the investment to secure a stable supply of flexible OLED screens for its next Pixel smartphones. Samsung Electronics Co Ltd’s flagship Galaxy smartphones use the bendable displays, while Apple Inc is expected to start using them in at least some of its next iPhones. LG Display declined to comment, while Google could not be immediately reached for comment.

This comes right after the US Department of Labour (DoL) accused Google of discriminating its female employees by paying them less than their male counterparts. According to a report in the Guardian on Saturday, The DoL, which is investigating the case, claims to have evidence of “systemic compensation disparities”.

The company has its hands full with the discrimination charges and the epidemic of fake news with the company announcing the released its ‘Fact Check’ feature for news and search results. It will be taking the help of fact-checking organisations to help fight the scourge of fake news.

With inputs from Reuters

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