Samsung Wins Contract to Supply 3 Million iPad LCDs?

Samsung Electronics has reportedly won a contract worth $240 million to supply 3 million LCD panels for the iPad, according to the KoreaTimes.

A high-ranking industry representative revealed the information to The Korea Times, asking not to be identified.

"The most expensive component in the iPad is the display and touch-screen interface that costs $80 for all models. The 9.7-inch display is more than twice the size of the iPhone 3GS screen and costs five times as much," he said.

According to Samsung and LG executives the iPad touch-screen is mainly made by LG Display and Chimei Innolux Corp.

Samsung Mobile Display is also reported to be in deep talks with Apple to supply its LCD panels for the upcoming iPhone 4G.

"As far as I know, Apple will use the LCD panels for its next iPhone models. We are receiving related orders from Apple," the executive said, without elaborating further.

The KoreaTimes says LG Display has already struck an $800 million deal with Apple to supply 10 million LCD panels for the iPad.

Read More [via 9to5Mac]