In Brief: Samsung, Sony to expand TV panel output

July 14, 2006

Sony and Samsung have signed an agreement for an additional production line for TFT-LCD television panels in South Korea.

The operation slated for Korea will produce eighth-generation large-screen panels at a rate of 50,000 per month beginning in late 2007.

The FT-LCD (Thin Film Transistor-Liquid Crystal Display) panels will be used to boost production of 50-inch television sets, which are expected to experience a jump in sales in the near future, the companies said in a joint news release Friday.

The price tag for the project is pegged at nearly $2 billion, with Sony and Samsung splitting the cost evenly.

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