April 10, 2006

Letter of Intent Between Samsung Electronics and Sony Corp.

On April 10, 2006, Samsung Electronics and Sony Corp. signed a Letter of Intent (LOI) saying they intend USD 2 billion to manufacture large TFT LCD panels (8th generation) at their joint venture, S-LCD. Production is expected to start in fall 2007. The planned production capacity is 50,000 panels per month.
The two companies are expected to conclude a formal contract in June of 2006.


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