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Samsung turns to rival LG for LCD panel supply

Published 07/20/2017, 03:09 PM
Updated 07/20/2017, 03:09 PM
© Reuters.  Samsung turns to rival LG for LCD panel supply
  • Samsung (KS:005930) (OTC:SSNLF, OTC:SSNNF) will get its LCD panels from LG Group in a full partnership agreement between the competitors, according to Nikkei.
  • Samsung might have turned to its rival for LCDs to free itself up for producing higher margin OLED panels.
  • LG expected to provide about 700K LCD television panels by year’s end and will supply 40pinch and larger panels to Samsung.
  • Samsung led the flat-panel TV market last year with 47.4M units but lagged behind LG in larger television models.
  • Sharp and Foxconn’s Sakai Display Products had previously supplied panels to Samsung but stopped last year.
  • Previously: Samsung signs OLED supply deal with Xiaomi (July 17)
  • Now read: Samsung Is Very Well Placed To Boom From An Increased Demand For Computer Chips


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