Sony, Samsung to Invest $1.9 Billion in LCDs
Sony and Samsung Electronics are set invest an additional 200 billion yen (US$1.9 billion) to boost production at a liquid crystal display (LCD) joint venture, the Nikkei business daily said on Tuesday.
The investment would be shared equally between Sony and Samsung and will be used to build a factory able to produce 50,000 to 60,000 eighth-generation glass substrates a month, the newspaper said.
A Samsung source told Reuters last week that the two firms were in the final stages of talks to jointly build a new LCD production line.
Samsung and Sony spent a combined 1.8 trillion won ($1.9 billion) in the initial stage of the 8-1 line, their eighth-generation facility already in operation.
Samsung is currently ramping up the line on its own, spending another 2 trillion won.