It is reported that Novatek has entered the Apple iPhone 16 OLED driver IC supply chain and will start supplying to LG Display in July.

News from this site on June 18, according to Taiwan media Economic Daily reported today that Novatek has entered Apple’s iPhone 16 OLED driver IC supply chain through LG Display , confirming that Korean media The Elec reported in April Report.

The supply chain revealed that Novatek will gradually hand over OLED driver ICs to LG Display

in July this year, and will In the third quarter, panel modules are assembled and then handed over to OEMs for assembly of new machines. The media predicts that Novatek's OLED driver IC shipments in the second half of the year will be 50% higher than in the first half of the year, which means the ratio of shipments in the first and second half of the year will reach 4:6.

This site previously reported that the introduction of Novatek as the second supplier will enhance LG Display’s bargaining power against LX Semicon, and avoid over-reliance on a single supplier, and improve the ability to resist risks such as quality problems.

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