Samsung, TCL Team Up for Investment in 8.5G LCD Line
July 30, 2010
Korean
LCD (Liquid Crystal Display) panel maker Samsung is expected to invest US$300
million to US$440 million in Chinese 8.5G TFT (Thin Film Transistor) LCD panel maker
ChinaStar, according to a July 15, 2010 report by China Business News.
ChinaStar is a joint venture formed between Chinese LCD TV maker TCL and the Shenzhen
government of China. It is estimated that Samsung will take at least 5% stake
in ChinaStar. On the other hand, TCL is projected to invest in Samsung's 7.5G
plant located in Suzhou, China, taking similar shares. Samsung announced the
investment in late 2009, but the company has not yet gained official approval
since then. It is believed that TCL's involvement in the investment plan will
help Samsung obtain the approval it needs.