When I think of OLED screens, I think of Samsung. Samsung pretty much has a chokehold on the market as far as OLED screens go. Now, however, Samsung's Korean competitor is planning to make OLED screens with a new production line. LG is actually using a completely different production process than Samsung which will allow the screens to be flexible.

Now, don't get too excited over this news. It's unlikely that we will be seeing flexible handheld devices anytime soon as the other portions of the device are still pretty rigid. However, this flexible screen is said to be thinner and more durable, "unbreakable," if you ask some people, and most importantly, less prone to damage from impact.

As such, these screens could still find their way into mobile devices pretty quickly. By switching to these screens, Corning Gorilla Glass would most likely no longer be necessary, which would reduce the weight of the device. The new production line has cost LG $176 million and should get the green light to start producing by the end of the year.