LG Display in talks to supply LCD TV panels to Samsung Elec
South Korea's LG Display Co Ltd said it was in talks with
Samsung Electronics Co Ltd about a supply agreement for television display
panels."If we do supply (Samsung) it likely won't be
a one-time thing," LG Display Chief Executive Han Sang-beom told reporters
on Wednesday on the sidelines of the CES trade show in Las Vegas. Specifics of
the deal have not been decided, he added.A Samsung Electronics spokesman confirmed the news on Thursday,
a day after local media reported the two sides were in talks about a potential
liquid crystal display panel supply deal, citing the head of Samsung's TV
business.South
Korea's LG Display Co Ltd said it was in talks with Samsung Electronics Co Ltd
about a supply agreement for television display panels."If
we do supply (Samsung) it likely won't be a one-time thing," LG Display
Chief Executive Han Sang-beom told reporters on Wednesday on the sidelines of
the CES trade show in Las Vegas. Specifics of the deal have not been decided,
he added.A
Samsung Electronics spokesman confirmed the news on Thursday, a day after local
media reported the two sides were in talks about a potential liquid crystal
display panel supply deal, citing the head of Samsung's TV business.This
news comes on the heels of a report by Japan's Nikkei newspaper that a joint
venture company between Taiwan's Hon Hai Precision Industry Co Ltd and Sharp
Corp will halt the supply of LCD panels to Samsung Electronics sometime in 2017
as Hon Hai helps boost Sharp's TV business.Samsung
Electronics, the world's top TV maker, has avoided buying components from LG
Group firms as it competes with LG Electronics Inc - LG Display's top
shareholder - in various markets including smartphones and televisions.But
analysts say Samsung Electronics may lack viable alternatives other than LG
Display given its display-making unit - Samsung Display - is cutting LCD
production to focus on making more organic light-emitting diode screens for
smartphones.Neither
LG Display nor Samsung commented on specifics, including the potential size of
a supply deal.(Reporting
by Se Young Lee; Editing by Himani Sarkar)
No comments:
Post a Comment