LG to buy LCD panels from Sharp.
By admin
Published: March 15, 2008
LG to buy LCD panels from Sharp.
As if it couldn't get anymore confusing knowing exactly who manufactured your LCD TV LG have announced that they are to buy LCD panels from Sharp! LG Electronics say they will purchase the flat screen panels from Sharp for there 32 inch and 52 inch LCD televisions. LG claim the move is in response to demand for LCD TVs from consumers and so that LG can meet that demand within the LCD television market. Strange stuff, but as long as I get a cheap LCD TV from the deal I'm a happy bunny.
An unnamed spokesperson for LG Electronics to Reuters news agency "We are buying about 2 million 32-inch panels from Sharp,". They didn't specify the number of 52 inch LCD flat panels they would be purchasing from Sharp nor did they mention how much money the deal was worth! According to a report on Reuters LG need to produce (purchase) more LCD TVs to try and meet sales targets of 14 million LCD units.
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