LG Display will supply 700 thousand LCD panels for TVs of the company Samsung
According to the Investor, citing Yonhap News, this year’s LG Display have to put on the order of Samsung Electronics 700 thousand liquid crystal display panels for televisions.
The deal between the two rival South Korean companies should be the first of its kind. Informed supplier of LCD panels for Samsung acted In, however, after the Japanese company was bought by Hon Hai Precision (Foxconn) has announced the termination of deliveries. Experts noted that this decision was a desire for Foxconn to advance their own TVs instead of Samsung support. In 2016, Sharp Samsung has shipped about 5 million LCD panels for TVs.
Last month, LG Display confirmed that the talks with Samsung over this issue continued, adding that the supply of LCD panels should start in the second half of the year.
While Samsung claims that a formal agreement between the two companies has not been signed.