Apple may use oxide-based LCD screens for a next generation iPad 5 with a "stunning" screen that is thinner and more power efficient.

LG is about to make a massive investment in the new technology and it's commitment to this oxide-based LCD manufacturing "points to rising orders from top device makers like Apple," notes a Korea Times report.

Oxide LCDs are thinner and more power efficient than current LCDs. According to the report, OLED screens also offer a "stunning upgrade in picture quality" compared to conventional LCDs.

If you are thinking you had heard about OLED screens before you probably have, but due the high costs and difficulty in mass production the adoption of the technology has been slow. However Samsung, LG and Sony all believe they will see a breakthrough on this front this year, according to the report.

Industry observers believe there is a possibility that Apple will apply these screens on its next version of the iPad, notes Patently Apple.

LG Display is to spend 3.8 trillion won ($3.6 billion, £2.3 billion) on new facilities for the production of the new displays. The company also plans to mass-produce bendable displays for use in mobile devices this year, according to the report.

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