Samsung, Sony invest $1.9b in 8G LCD facility
updated 08:40 pm EDT, Fri April 25, 2008
Samsung, Sony invest in 8G
Samsung and Sony are paying 1.8 trillion South Korean won (~$1.9 billion) to upgrade the S-LCD Corporation joint venture, allowing the two companies to produce enough 8G LCD panels to meet global demand. The Wall Street Journal reports that the new manufacturing line will be located in the Tangjeong complex southeast of Seoul, where production will start in 2009. Monthly output is initially expected to reach 60,000 units, versus 50,000 sheets currently.
Samsung's flat-panel division posted first quarter profits of 1.01 trillion South Korean won, while margins were at a four-year high.
LCD TVs are expected to be in high demand ahead of the Summer Olympic Games in China.
