Google could invest $880 million in LG's Display division to secure OLED panels for the Pixel 2

The next Pixel phone can't come soon enough. With Google I/O conference just around the corner, rumors about the next flagship to be released by the search giant start to pile up. Google had been using a couple of Android partners to build its smartphones, and things will probably not change in the near future.

The previous Nexus phone were made by two companies, LG and Huawei, whereas the current Pixel phone have been manufactured by HTC. However, LG is very close to secure another contract from Google if we are to believe the latest reports coming from the Korean media.

Up to $880 million await LG's decision to allow Google to invest in its display division, which is supposed to enable the search giant to secure enough OLED panels for its upcoming Pixel phone.

Reports from Korea claim Google recently announced it's ready to invest 1 trillion won ($880 million) in LG Display's OLED panel production line. If the South Korean company accepts the offer, Google could increase the size of the investment depending on the details of the contract, such as supply conditions.

Google had been using AMOLED displays provided by Samsung for the Pixel and Pixel XL, but it looks like the Mountain View company wants to switch to another display provider.

The decision may or may not be related to the latest rumors claiming Apple has struck a deal with Samsung for nearly 70 million bendable OLED displays that will be included in the iPhone 8.

We'll see how this goes, but LG Display is expected to provide an answer very soon since the next Pixel phone will be announced in the coming months.