LG Display to provide LCD panels to Apple for five years
Posted by Dennis Sellers 
Jan 12, 2009 at 9:02am
South Korea’s LG Display say it’s signed a deal to supply LCD panels to Apple for five years, reports Reuters. The world’s second-biggest maker of LCD screens didn’t isclose the total size of the deal but said in a filing to the Korea Exchange that it would receive a US$500 million advance from Apple this month.
“Although LG Display already had a relationship with Apple, the deal’s duration and the size of the advance show that the two companies are involved in a long-term, strategic alliance,” said Son Young-jun, a spokesman for LG Display.
Shares in LG Display were up 3.37 percent at 24,550 won at 0034 GMT, outperforming the wider market’s 1.17 percent drop, but analysts were quick to discount the impact of the announcement, adds Reuters
Leave a comment ⇒
Please post the article topic & comment in our forums. No registration required.
Article Information
Comment on this Article Print this Article Email this Article Digg This
Contributor
Dennis Sellers
Dennis has been a newspaper editor/reporter (seven years) and teacher (seven years). He has over 10,000 magazine, newspaper and online articles to his credit. He has also covered the Mac and tech industries for over a decade for such online publications as MacCentral, MacMinute and now MacsimumNews.
Recent Articles
