Sony, Samsung to begin talks on building 2.6-bln-dlr LCD plant: report

Jan 29, 2006
LCD monitors on display in Makuhari, suburban Tokyo

Japan's Sony is to begin talks with Samsung Electronics of South Korea on building a 2.6-billion-dollar plant to make liquid crystal displays (LCD), a report said Thursday.

Sony aims to start operations at the cutting-edge factory in 2007 to meet surging demand for LCD televisions, the Nihon Keizai Shimbun said.

Their joint investment would reach 300 billion yen (2.6 billion dollars), the economic paper said, adding the plant was likely to be located in South Korea.

The factory would be a second joint LCD plant with Samsung as the pair established their LCD joint venture, S-LCD, in South Korea in April 2004, with each contributing 100 billion yen in capital.

Sony would not confirm the report.

"Nothing has been decided at the moment" Sony spokeswoman Mina Naito said,
declining further comment.

Copyright 2006 AFP

Explore further: Car hacking: The security threat facing our vehicles

add to favorites email to friend print save as pdf

Related Stories

Native vegetation makes a comeback on Santa Cruz Island

34 minutes ago

On islands, imported plants and animals can spell ecological disaster. The Aleutians, the Galápagos, the Falklands, Hawaii, and countless other archipelagoes have seen species such as rats, goats, brown ...

Recommended for you

Sony forecasts $2B loss as smartphones lag (Update)

4 hours ago

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.

User comments : 0