Samsung and Sony Sign Final Contract Regarding Production Line for World's Most Advanced Generation LCD Panel.Tokyo, Japan, July 14, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. Co., Ltd. and Sony Corporation today signed the final contract for constructing an 8th-generation amorphous TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display panel manufacturing line at their joint venture, S-LCD Corporation. The following issues have been discussed between the two companies since the agreement on the Letter of Intent which was released in April 2006, and today have reached the final contract stage. - The two companies plan to establish an 8th generation amorphous TFT-LCD panel production line (glass substrate size: approximately 2,200mm X 2,500mm), in addition to the current 7th generation amorphous TFT-LCD panel production line, at S-LCD (Tangjeong, ChungCheongNam-Do, Korea). - They also plan to invest approximately $1.9 billion* (1.8 trillion Won, approximately 200 billion JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), with each company providing half. Actual production is targeted to start in Fall 2007 with a production capacity of 50,000 panels per month. Together with the current 7th-generation line, the start of the world's most advanced (8th generation) line will enable both companies to expand production of large screen LCD panels Also called a "projection panel," it is a data projector that accepts computer output and displays it on a see-through liquid crystal screen that is placed on top of an overhead projector. See data projector. for 50-inch class LCD TVs A flat panel TV that uses LCD technology or a rear-projection TV that is based on LCD microdisplay panels. See flat panel TV, rear-projection TV and LCD. , of which demand is expected see a significant increase, as well as to acquire a stable supply to meet demands. * The investment amount does not include the cost of the building and land. About Samsung Electronics Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence In the days of the first computers, transaction and company data were the first types of information digitized. Then came text, opening the world to word processing, followed by audio CDs and finally video. technologies with 2005 parent company sales of US$56.7 billion and net income of US$7.5 billion. Employing approximately 128,000 people in over 120 offices in 57 countries, the company consists of five main business units: Digital Appliance Any apparatus controlled by a computer. It may refer to an actual household appliance (coffee maker, toaster, etc.) that is computerized, but often refers to a handheld device such as a pager, cellphone or PDA. See Internet appliance. Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com About Sony Sony Corporation is a leading manufacturer of audio, video, game, communications, key device and information technology products for the consumer and professional markets. With its music, pictures, computer entertainment and on-line businesses, Sony is uniquely positioned to be the leading personal broadband entertainment company in the world. Sony recorded consolidated annual sales of approximately $67 billion for the fiscal year ended March 31, 2005. Sony Global Web Site: Sony Global Web Site: http://www.sony.net Source: Sony Contact: Sony Corporation Gerald Cavanagh Gerald.Cavanagh@jp.sony.com Tel: +81-3-5448-2200 Fax: +81-3-5448-3061 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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