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April 10, 2006
Samsung Electronics Co., Ltd
Seoul, Korea / Tokyo, Japan, April 10, 2006 - Samsung Electronics Co., LTD (hereafter "Samsung") and Sony Corporation (hereafter "Sony") today signed a Letter Of Intent (LOI) on manufacturing 8th generation amorphous TFT LCD panels at their joint venture, S-LCD Corporation (hereafter "S-LCD"). The target is to sign a definitive agreement by the end of June, 2006.
Details of the co-operation are as follows:
The demand for LCD TVs is expanding and the large-screen TV market is expected to be especially dynamic from now on. By launching a production line for 8th generation amorphous TFT LCD panels, Samsung will target further business expansion in the LCD panel market for LCD TVs and Sony will continue to proactively focus on cost-competitive and high-quality large screen products targeting an expansion of its LCD TV business.