Samsung Electronics, the World's No. 1 TV maker, reportedly turns to rival LG group as Sharp has decided to cuts off LCD supply.

Nikkei reports that Samsung has sought LG Display's help in solving a potentially serious problem of not having enough panels to manufacture LCD TVs, since Sharp has decided to stop selling it large panels.

The Japanese electronics maker has told Samsung that its LCD panel joint venture with Taiwanese parent Hon Hai Precision Industry will cease supplying LCD panels for TVs to the South Korean electronics maker next year.

The move has forced Samsung to approach archrival LG group. LG Display has indicated that it will consider Samsung's highly request with "a positive attitude," Nikkei reports.

Samsung makes liquid crystal display panels by itself and also procures the key TV component from Chinese manufacturers, such as BOE Technology Group, as well as AU Optronics and other Taiwanese companies.

Samsung also recently approached the LG group recently for potential procurement of cellphone batteries.