Samsung Plans LCD Joint Venture in China
Samsung Electronics Co. said it will set up a joint venture to build a 7.5-generation liquid crystal display panel plant in Suzhou, China, that will cost about 2.6 trillion won ($2.25 billion).
Samsung Electronics, the world’s biggest supplier of liquid crystal display panels, also said in a regulatory filing it will spend 925.2 billion won on the joint venture, without elaborating.
The electronics giant has decided to set up the plant in China in order to exploit demand there for flat-screen televisions above 40 inches in size, said company spokesman James Chung.
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