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Tuesday, November 22, 2005
Sony, Samsung's LCD Venture to Invest 10 bln Yen to Expand Capacity

S-LCD, a 50-50 joint venture between Sony and semiconductor maker Samsung, said it will spend 10 bln yen to expand its capacity to make liquid crystal displays (LCDs).

With the new investment, the joint venture aims to boost monthly production of LCD panels by 15,000 units a month to 75,000 units a month by around spring next year.

S-LCD said it plans to raise the necessary funds on its own, without disclosing how it will raise it.

S-LCD was established in April 2004. The manufacturing facilities are based in South Korea and supply seventh generation LCD displays using 1,870?2,200mm glass substrates.

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