[THE INVESTOR] South Korea’s multitouch tech company Interflex is supplying touch screen panels for Apple’s next iPhone, tentatively called iPhone 8, local news outlet The Bell reported on Feb. 7.
Citing unnamed sources, the report said the company is currently developing the prototypes with aims to start the shipment from April.
Touch screen panels allows multitouch functionality to be embedded on top of a thin film transistor rather than as a separate component above the display. Smartphone makers are increasingly adopting the technology to simplify the multilayer touch interface.
Interflex, one of the leading companies in the field, also supplies the parts to Samsung Electronics' Galaxy S8 that is expected to be unveiled later in March.
This is the first time for the Korean parts maker to supply to Apple.
The iPhone 8 is widely rumored to be launched in three models, including the first iPhone to adopt organic light-emitting diode screen.
Interflex is expected to supply touch screen panels for the premium OLED model, shipping almost half the production of about an annual 80 million units.
The firm is also supplying flexible printed circuit boards or FPCB for the iPhone 8 through Samsung Display, the sole OLED supplier.
Buoyed by the new Apple order, Interflex is expected to see this year’s sales jump to 1 trillion won (US$870 million), almost doubling from last year.
By Lee Ji-yoon (firstname.lastname@example.org)