The press releases on this website are provided for historical reference purposes only. Please note that certain information may have changed since the date of release.
November 17, 2003
Statement on "Diamond Weekly" report (Nov.22nd edition) concerning establishment of LCD Joint Venture between Samsung and Sony
Samsung Electronics, Inc.
In the November 22nd edition of "Diamond Weekly" there is an article on "Establishment of Joint Venture for the 7th generation amorphous TFT LCD between Samsung and Sony" which contains several erroneous statements.
Samsung and Sony have signed a MOU which will create a fair and equal relationship between both companies. There is no time limit to the operations of the JV and there is no change in the investment ratio from each company. The agreement is based on the premise of an equal amount of investment and equal management from each company. There is no condition that Sony' engineers and staff cannot enter the factory. The final agreement is targeted to be signed by next spring.