Samsung is edging towards to a huge deal with Apple that will see it manufacture screens for future iPhones.
Sources in South Korea suggest that Samsung will make an investment of almost $7.5 billion (£5.2 billion). This will cover the costs of increasing its manufacturing capacity for OLED screens, so it can fulfil what are sure to be huge orders from Apple.
Samsung is already said to be boosting OLED production to 45,000 units per month this year, as Apple gears up to change the display technology on its bestselling smartphone.
While current iPhones use LCD technology, Apple widely expected to move to OLED soon. High costs, however, mean it is exploring creating its own OLED technology at a secret facility in Taiwan, before outsourcing production.
It's not thought that this year’s iPhone 7 will feature OLED tech, with Apple unlikely to launch an OLED iPhone until 2018.
This latest deal suggests relations between the two giants of the smartphone industry continue to thaw.
Litigation between the pair has ramped up in recent years, although a patent dispute is likely to be finally settled early this year.