LG To Buy LCD Panels From Sharp

Flat panel manufacturers are becoming a little more incestuous every day in a bid to reduce costs as HDTV profit margins drop. This time around, LG has announced they'll be buying LCD panels from rival Sharp. LG plans to initially purchase 2 million 32-inch panels from Sharp, followed by an unspecified amount of 52-inch panels.

LG hopes the partnership will enable delivery of 14 million LCD sets to customers this year and is the latest in a series of strategic partnerships struck by flat panel manufacturers this year.

Via Korea Times

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