LG Display to supply OLED TV panels to Samsung Electronics - Reuters News Agency

LG Display to supply OLED TV panels to Samsung Electronics

Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV as competition heats up in the lower end with Chinese vendors. Samsung has been slower than major rivals to embrace OLED TVs, arguing the technology is more suited to small devices, partly due to the high cost of panels.   

Market Impact

After the Reuters report, LG Display shares reversed an earlier 1% drop on May 16 and rose 2.2%. The shares extended gains further the following day, rising nearly 6%.

Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: TechnologyTelecommunications
Regions: Asia
Countries: South Korea
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. South Korean flat-screen maker LG Display, a key supplier to Apple Inc, posted a wider-than-expected quarterly loss on Thursday as tepid demand for TVs and PCs hit panel prices and one-off losses weighed. REUTERS/Jo Yong-Hak (SOUTH KOREA - Tags: BUSINESS)
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