Samsung is counting on compensation from the Sharp for the termination of the supply of panels

As we previously reported, the company after the transition under the control of the Foxconn Sharp Samsung Electronics has informed about the termination of supply of LCD panels. The South Korean manufacturer purchased from Sharp for about 4-5 million panels a year, covering about 10% of its needs. Because of the Sharp decision about the termination of deliveries Samsung had to turn to LG Display. However, this South Korean manufacturer is not limited. According to the source, he went to court, hoping to obtain compensation in the amount of $ 429 million.

The complaint was filed in the international court of arbitration, the primary dispute resolution mechanism under the International chamber of Commerce

Source: CDR info



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