According to a Korea Times report today, Google Inc (NASDAQ:GOOG)‘s top brass has just approved a business proposal from Samsung Display to use high-end OLED screens in the commercial version of Google Glass.
Of course, it’s hard to think of a more compelling use for OLED technology, which can be made flexible, nearly unbreakable and, most importantly in this case, transparent.
Such an OLED lens incorporated into Google Inc (NASDAQ:GOOG) Glass, then, is a perfect application for the tech, and fits beautifully with some of the concepts Samsung envisioned way back in 2011:
On one hand, the folks at Samsung have been demonstrating transparent OLED concept devices as far back as 2010, and the company is currently one of just a few with the necessary OLED manufacturing capacity to not only supply screens for other businesses’ products like Google Inc (NASDAQ:GOOG) Glass, but also for its own OLED televisions (set to arrive in July), and existing Galaxy series smartphones and tablets.
Even so, if confirmed, today’s news would represent one of the first tangible, wide-scale products to feature transparent OLED.
LG Display Co Ltd. (ADR) (NYSE:LPL), on the other hand, is still focusing on increasing production yields for its own OLED televisions, as well as further developing its OLED lighting solutions. Then there’s Taiwan-based AU Optronics Corp. (ADR) (NYSE:AUO), which helped both Sony Corporation (ADR) (NYSE:SNE) and Panasonic build the 56-inch OLED TV prototypes showcased at this year’s Consumer Electronics Show. AUO also claimed this week at the 2013 Society for Information Display conference that it has built the world’s largest OLED panel to date, at 65 inches. However, AU Optronics Corp. (ADR) (NYSE:AUO) still hasn’t perfected its mass production techniques, and continues to struggle with improving yields to build smaller-size OLED screens.
Here’s how you play it
How can you, as an aspiring investor, benefit from this news?
You could certainly buy shares of Google Inc (NASDAQ:GOOG), for one. While Google Glass has admittedly generated some negative publicity so far, Google seems absolutely determined to be an integral part of the potentially massive wearable computing revolution. Of course, that’s certainly not the only reason to buy Google stock; fellow Fool Brian Stoffel recently made a compelling case to own the King of Search for the rest of your life, and I just love the fact Google Inc (NASDAQ:GOOG) truly sincerely wants to make our lives better.