According to foreign media reports recently, Samsung Electronics will purchase LCD panels from LG Group. This is the first partnership between the two companies since the long-term competition. According to informed sources, LG Display will soon provide Samsung with 40-inch and larger panels.
Samsung LG First Cooperation
LG Display to Provide Samsung with 40-inch and Larger LCD Panels
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Samsung LG First Cooperation
It is expected to provide 700,000 LCD TV panels before the end of the year. Samsung is said to be willing to further expand its procurement. In 2016, Samsung produced 47.4 million flat-panel TVs, which accounted for the largest share in the world. Among the large LCD panels, Samsung is ranked second, slightly behind LG. The two competitors had barely had any electronic product transactions before.
LG Display to Provide Samsung with 40-inch and Larger LCD Panels
At the end of last year, Sakai Display Products, an Osaka-based company jointly run by Sharp and Hon Hai Precision Industry Group, decided to stop supplying LCD panels to Samsung. Obviously the supply chain is out of stock, prompting Samsung to approach LG. At the same time, Samsung and LG may expand cooperation to cover high-performance products such as lithium-ion batteries.
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