Last year in November, rumors were claiming that LG and Samsung will become partners to supply LCDs. Now LG Confirms to Supply LCD Displays to Samsung. LG CEO Han Sang-beom has confirmed that LG will start supplying South Korean rival Samsung with LCD displays.
LG Confirms to Supply LCD Displays to Samsung
However, he has not told any exact date about the supply of LCDs. But according to him, in the early half of 2017, LG will supply LCD panels to Samsung.
This is the first deal between LG and Samsung. They had never trade for displays before. Moreover, After Note 7 incident, Samsung is more conscious about its products now. Due to which Samsung has to suffer a great loss. But now company is in a process to start selling its Note 7 smartphones again in emerging markets. Most probably, Samsung will target India, Vietnam or Pakistan.
Now Samsung is also facing a new issue which is Samsung Vice Chairman Jay Y. Lee Arrested on Corruption Charges. Lee is being guilty of paying bribes to the advisor of President Mr. Park Geun-hye for some political favors. This has been reported by The New York Times. He is accused of giving around $36 million to the advisor of President in order to win Korean Government support in his company favor for a merger between two Samsung subsidiaries.
Moreover, other than being rivals, Samsung and Apple also do businesses together. Samsung supply OLED screens to Apple. Last year, Apple has placed an order for 100 OLED screens for its latest iPhone. But it seems like, this amount of unit is not enough. Some reports claimed that, Apple orders 160 million OLED Screens for iPhone from Samsung. New deal is estimated to be around $4.3 billion.
For More Details Also Read: Apple Orders 160 million OLED Screens for iPhone from Samsung