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Company News >> LG Display and Samsung reach LCD panel supply agreement: end hostile state 13th,June,2017
                                       23-day report said that informed sources, LG Display has reached an agreement with Samsung Electronics, the fastest later this year for Samsung TV LCD panel supply.
The source said, LG Display will replace Foxconn and Sharp's joint venture, as Samsung's TV LCD panel suppliers. Currently, LG Display is Apple's main LCD panel supplier.
                               Earlier this month there were reports that Sharp and Foxconn have made a decision to stop the supply of TV LCD panels to Samsung through its joint venture. The reason is that under the holdings of Foxconn, Sharp plans to start in April 2018 fiscal year, the global TV sales doubled to more than 1000 million units.
                               Earlier this month, news that Samsung is negotiating with LG Display to discuss its supply of TV LCD panel issues. Subsequently, Kim Hyun-suk, director of Samsung TV, also confirmed that the two companies are conducting serious and serious negotiations.
                               LG Display fourth quarter operating profit doubled: LCD panel prices as the main reason
                              This time, LG Display and Samsung in the field of LCD panel cooperation is the first time. For a long time, the two companies have been in a state of competition, never used the other side of the LCD panel.
                              The Foxconn and Sharp joint venture companies currently offer up to 4 million LCD panels per year for Samsung, as well as supplying products to Chinese manufacturers, the source said. People familiar with the matter also said that LG Display will supply up to 3 million LCD panels for Samsung this year.
                              At the same time, Samsung's Samsung Display has cut LCD panel production, turning to the next generation of panel (OLED panel). It is reported that Samsung has begun to contact Apple, plans to supply OLED panel for the iPhone.
                              As Sharp ceases to supply LCD panels, Samsung has applied for arbitration from the International Chamber of Commerce (ICC), requiring Sharp and two other panel makers to compensate US $ 492 million to compensate for the loss of LCD panel supply disruptions.

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