SEOUL — South Korea's LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable. LG Display aims to supply two million units next year and boost shipments to three million and five million units...
SEOUL — South Korea's LG Display Co Ltd will start supplying high-end TV panels to Samsung Electronic Co Ltd from as early as this quarter, three sources said, in a deal that would help the loss-making flat-screen maker turn profitable.
With this deal, Samsung could overtake Sony Corp as the second largest supplier of OLED TVs globally. Samsung Electronics, the world's biggest TV manufacturer, has been slower than its hometown rival LG Electronics Inc in embracing OLED TVs, arguing the technology is more suited to small devices such as smartphones and tablets, partly due to the high cost of panels.
"LG's production rate will improve and is likely to reach full capacity next year, helping it lay the groundwork to return to profit," said Jeff Kim, an analyst at KB Securities.
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