BY EVAN RAMSTAD
SEOUL?Samsung Electronics Co. and Sony Corp. said Monday they would end their joint production of liquid-crystal displays for televisions, a venture that brought the two industry giants together seven years ago.
The companies since 2004 jointly invested about $3.3 billion in two production lines for LCDs at a Samsung complex in central South Korea. But the asset value of the overall venture fell below $2 billion as the market for LCD panels became saturated.
The breakup of the venture, in which two of consumer electronics' biggest rivals united to share the high capital costs of new factories, is a vivid ...
BY EVAN RAMSTAD
SEOUL?Samsung Electronics Co. and Sony Corp. said Monday they would end their joint production of liquid-crystal displays for televisions, a venture that brought the two industry giants together seven years ago.
The companies since 2004 jointly invested about $3.3 billion in two production lines for LCDs at a Samsung complex in central South Korea. But the asset value of the overall venture fell below $2 billion as the market for LCD panels became saturated.
The breakup of the venture, in which two of consumer electronics' biggest rivals united to share the high capital costs of new factories, is a vivid ...
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