LG Seeks Compensation from Apple After MicroLED Apple Watch Project Falls Through

Apple's decision to cancel its microLED Apple Watch has left LG with significant developmental costs and no clear path to recoup them.

Apple canceled its microLED Apple Watch due to technical and economic challenges.
LG invested heavily in microLED technology, including purchasing patents and moving equipment.
The Korean company is now seeking compensation from Apple for the sunk costs.
LG had geared up for production, expecting Apple to follow through with the project.
Potential outcomes include Apple paying compensation or adjusting future OLED pricing.