twice connect
careers

Sony, Samsung Near LCD Deal

10/17/2003 12:28:00 PM Eastern

Seoul, South Korea – Samsung and Sony are reportedly working on a joint venture agreement for LCD screen production.

According to wire reports, the deal would give Sony access to a steady supply of LCD panels for highly demanded computer monitor and flat-panel television categories, and would give Samsung a guaranteed major customer that would help it establish display standards and market share clout.

The two parties were expecting to make a final decision on the venture in the next few days, according to a Reuters report. Negotiations were said to be progressing smoothly.

The project will require a total investment of close to $1.8 billion, although this could change, according to Reuters.

Samsung, the second-ranked manufacturers of LCD panels in the world, plans to invest about $17.1 billion in new LCD production lines by 2010.

The world's largest manufacturer of LCD panels is LG.Philips LCD, a joint venture between South Korea's LG Electronics and Dutch group Philips Electronics. LG.Philips LCD also plans to invest $2.6 billion in new flat-screen production.

The cooperative venture would enable Samsung to share benefits and risks with Sony, while setting a standard and securing a stable customer for large-screen panels.

PHOTOS
Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer