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Company News
>> LG and Samsung cooperation: the end of the Samsung TV supply LCD panel 21th,Apr,2017
Informed sources said, LG Display has reached an agreement with Samsung Electronics, the fastest later this year for Samsung TV LCD panel supply, during the year to supply up to 3 million LCD panel.
According to people familiar with the situation, Apple LCD panel, a major supplier of LG Display will replace Foxconn and Sharp's joint venture, as Samsung's TV LCD panel suppliers, will officially end the competitive state.
At the end of last year there was news that Sharp and Foxconn joint venture is about to stop the supply of Samsung TV LCD panel for Samsung, making the 2017 fiscal year (as of April 2018) global TV sales of more than 10 million units; the same time, Samsung has to the International Chamber of Commerce (ICC) for arbitration, requiring Sharp and two other panel makers to compensate US $ 492 million to compensate for the loss of LCD panel supply disruptions.
In fact, shortly after the Samsung TV business director Kim Hyun-suk also confirmed that Samsung is with LG Display for serious and serious negotiations.
Another news that in order to meet the supply of Apple iPhone OLED panel, Samsung Samsung Display has begun to cut LCD panel production, turning to OLED panels. Informed sources said, LG Display has reached an agreement with Samsung Electronics, the fastest later this year for Samsung TV LCD panel supply, during the year to supply up to 3 million LCD panel.
According to people familiar with the situation, Apple LCD panel, a major supplier of LG Display will replace Foxconn and Sharp's joint venture, as Samsung's TV LCD panel suppliers, will officially end the competitive state.
At the end of last year there was news that Sharp and Foxconn joint venture is about to stop the supply of Samsung TV LCD panel for Samsung, making the 2017 fiscal year (as of April 2018) global TV sales of more than 10 million units; the same time, Samsung has to the International Chamber of Commerce (ICC) for arbitration, requiring Sharp and two other panel makers to compensate US $ 492 million to compensate for the loss of LCD panel supply disruptions.
In fact, shortly after the Samsung TV business director Kim Hyun-suk also confirmed that Samsung is with LG Display for serious and serious negotiations.
Another news that in order to meet the supply of Apple iPhone OLED panel, Samsung Samsung Display has begun to cut LCD panel production, turning to OLED panels.
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