23.07.10

Samsung fosters close relationship with TCL

Samsung will invest between $300-440 million in a Chinese TFT LCD company, if reports from DisplaySearch are correct.

The research and consulting body reports that Samsung will take at least five per cent of ChinaStar, a company started by LCD TV manufacturer, TCL. Samsung is believed to have entered into the agreement on the promise that TCL will invest in its planned Gen 7 Fab in China.

If the investments continue as planned then it will see the companies further strengthen their close working relationship and high levels of co-operation.