Thursday, February 11, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
Qualcomm Announces Three New Snapdragon Processors, Wear Platform And First Gigabit Class LTE Modem
TSMC Wins Exclusive Chip Contract For Next iPhone: report
LG Introduces Touch-Enabled Quick Phone Cover For LG G5 Smartphone
Oculus Starts Offering Discounted Computers To Early Virtual Reality Adopters
Archos 50d Oxygen Launching At MWC
Chip Makers Differientate In terms Of Equipment Investments
New Plextor M6S Plus SSDs Released
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 Home > News > Consumer Electronics > LG Sams...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, May 15, 2007
LG Samsung Form the World's Largest Display Alliance


Two top leaders in Korean IT industry and two bitter rivals in the global display battlefield, Samsung and LG, have finally joined forces to challenge the market.

Two liquid crystal display panel makers -- Samsung Electronics and LG Philips LCD -- and two plasma display panel (PDP) makers -- Samsung SDI and LG Electronics -- Monday launched the Korea Display Industry Association.

The companies pledged to cooperate in various fields, ranging from patents and joint research and development to cross-purchasing of panels from each other.

The firms will consider lifting a ban on parts suppliers providing some products to their local rivals and will try to standardise panels, equipment and materials.

The panel giants have reached an agreement to proceed with a small-to-large joint development strategy for the display industry through the project of 'Eight Win-Win Partnership' centered on 'Patent Cooperation', 'Breaking of Vertical Integration' and 'Joint R&D'.

Korea's Commerce and Industry Minister Kim Young-Ju said the alliance should not be seen as setting the stage for collusion or price fixing.

'The companies are not seeking mergers or a cartel to fix prices,' Kim told a meeting of anti-trust regulators.

He said South Korea should ease tight anti-trust rules to help local firms compete with foreign rivals through strategic tie-ups.

Samsung and LG jointly account for some 40 pct of the global market for display panels, about the same as Taiwan, and Japan takes up the remaining 20 pct.

The moves are seen as a way to battle aggressive competition by Japanese rivals and alliances among Japanese and Taiwanese companies. Japan's Sharp Electronics and Taiwan's Chi Mei Optoelectronics (CMO) and Chunghwa Picture Tubes agreed to share patents last year. But Samsung and LG depend heavily on Japanese parts for their products.


Previous
Next
Spansion, TSMC Agree on Joint Technology Development        All News        DirecTV May Try broadband on Power Lines
Pioneer to Introduce Blu-Ray Disc Player in Japan     Consumer Electronics News      Panasonic Introduces Next Generation Blu-Ray Disc Player

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Showcases Latest Monitors, TVs, Smartpwatch And Tablet At 2016 European Forum
LG Introduces Touch-Enabled Quick Phone Cover For LG G5 Smartphone
Chip Makers Differientate In terms Of Equipment Investments
LG Electronics Teases With "Always On" Display Of G5
Samsung Loses Memory-Chip patent Trial Against Nvidia
768 Gbit Micron 3D NAND Is Faster Than Samsung’s 256Gb V-NAND: ISSCC
Samsung Describes Its 10nm SRAM
Samsung Galaxy S7 and S7 Edge Coming At February's Unpacked 2016 Event
LG's Home Appliances Business More Profitable Than Samsung's
LG To Release Universal Credit Card
LG K10 And K4 Smartphones to begin Rolling Out Globally
Samsung Reports Drop In Profit For Q4

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .