South Korea’s LG Display said it was in conversation with Samsung Electronics about a supply agreement for TV display panels.
LG Display Chief Executive Han Sang-beom told reporters on Wednesday on the sidelines of the CES trade show in Las Vegas that “If we do supply (Samsung) it likely won’t be a one-time thing,”. He also added that the details about the deal have not been decided.
A Samsung Electronics representative affirmed the news on Thursday, a day after neighborhood media reported that the two giants were in discussion about a probable liquid crystal display panel supply deal.
This news goes ahead the heels of a report by Japan’s daily paper that a joint venture organization between Taiwan’s Hon Hai Precision Industry Co Ltd and Sharp Corp will stop the supply of LCD boards to Samsung Electronics at some point in 2017 as Hon Hai supports Sharp’s TV business.
Samsung Electronics, the world’s top TV producer, has abstained from purchasing segments from LG Group firms as it contends with LG Electronics Inc – LG Display’s top shareholder – in different markets including cell phones and TVs.
Be that as it may, investigators say Samsung Electronics may need suitable options other than LG Display given its display-making unit – Samsung Display is slicing LCD generation to concentrate on making more on organic light-emitting diode screens for cell phones.
Checkout Latest IT news at itvoir.com
Madhurima Goyal, From ITvoir News Desk