ADVERTISEMENT

Samsung to outsource to China's TCL

Recycling

Samsung Electronics Co Ltd, the world's top maker of liquid crystal display (LCD) panels, said it would outsource the assembly of some modules to Chinese television maker TCL Corp.

“Production of the modules is scheduled to start in 2009,” a Samsung spokeswoman said.

She declined to disclose the size of the deal but said it was Samsung's first overseas LCD contract manufacturing deal. The spokeswoman denied local media reports that TCL could use some of the assembled modules to make its own television sets.

Samsung owns module assembly plants in China and Slovakia.

Officials at TCL could not be immediately reached.

Samsung last Friday reported strong quarterly earnings, with the LCD-making display division unit posting better-than-expected profits. The company announced it would invest in a new LCD panel line in South Korea to satisfy worldwide demand for flat screens. (Reuters)

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.