November 22, 2007 / 11:21 AM / 10 years ago

Samsung to invest $2.2 billion on LCD expansion

SEOUL (Reuters) - South Korea’s Samsung Electronics (005930.KS) said on Thursday it plans to invest 2.06 trillion won ($2.21 billion) to expand its eighth-generation liquid crystal display (LCD) line.

<p>A man walks past Samsung Electronics' LCD TV sets displayed at a shopping mall in Seoul August 6, 2007. Samsung Electronics said on Monday it would crank up output to meet its monthly targets after a chip plant power outage last week as it moved to calm fears over supplies. Samsung Electronics said on Thursday it plans to invest 2.06 trillion won ($2.21 billion) to expand its eighth-generation liquid crystal display line. REUTERS/Han Jae-Ho</p>

Samsung, which had been cooperating with Japan’s Sony (6758.T) for its No. 8 line, is making the investment on its own for this phase, a Samsung official said.

Reporting by Lee Jin-joo

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