OLED and LCDs have something in common – you can make them by sticking a film of something (either the liquid crystal in LCDs or the organic light emitting layer in OLEDs) on top of a grid of transparent transistors.
Nice and easy to manufacture a screen because you’re making giant sheets of the stuff.
Not so with LEDs, microLED screens exist but each individual tiny LED needs to be manufactured separately. No-one has figured out how to make a whole sheet of the stuff in one go. So it’s very expensive.
As for why they don’t have LCDs with each pixel as a microLED? Well once you’re making LEDs that small they’re still expensive so you may as well just make 3 in R,G and B instead of 1 white one behind an LCD panel that kills some of the benefits of microLED anyway.
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