
Samsung LCD televisions to be produced in China
Samsung Electronics, the largest flat panel maker, said it would set up a $2.2bn joint venture in China to meet growing demand for liquid crystal display panels in the fastest-growing major economy.
Separately, Foxconn, a unit of Hon Hai, the largest electronics contract manufacturer, agreed to set up a $1bn facility for the production and assembly of LCD and LED components in Chengdu.
The investment plans reflect China’s emergence as a key market for LCD panel makers during the global economic slowdown.
TV makers in the country are ramping up production of flat panel TVs, driven by robust consumer demand.
LCD makers have enjoyed higher-than-expected demand this year thanks to Beijing’s subsidies for electronics purchases in rural areas. read more at FT.com…



