Reuters exclusively reported that flat-screen maker LG Display is in a deal to supply high-end TV panels to Samsung Electronics in a deal that would help the South Korean firm turn profitable. For Samsung, the world’s largest TV vendor, the deal highlights how it is looking to expand in high-end organic light emitting diode (OLED) TV as competition heats up in the lower end with Chinese vendors. Samsung has been slower than major rivals to embrace OLED TVs, arguing the technology is more suited to small devices, partly due to the high cost of panels.   

Market Impact

After the Reuters report, LG Display shares reversed an earlier 1% drop on May 16 and rose 2.2%. The shares extended gains further the following day, rising nearly 6%.

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: TechnologyTelecommunications

Regions: Asia

Countries: South Korea

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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