MarketWatch: Samsung Electronics and Sony have agreed in principle to invest further in their liquid-crystal-display joint venture to meet rising demand for large-size flat-screen televisions, a Samsung executive said Thursday.
“Both sides reached a consensus on the joint investment and working-level officials are now discussing details such as the timing and amount of the investment,” Yeong Duk Cho, vice president of Samsung’s LCD business, told Dow Jones Newswires. The new investment will go into the construction of another eighth-generation LCD production line, capable of producing panels larger than 50-inches, Cho said.
“It took a couple of months for Sony to decide on its investment in the first 8G (eighth generation) line. I believe it’ll take a similar period of time for Sony to make a decision on this,” he said.
Samsung and Sony’s investment plan is a sign that LCD makers are becoming more confident about market demand for liquid crystal displays.