Originally published December 7 2005
Samsung prepares to expand LCD production
by Mike Adams, the Health Ranger, NaturalNews Editor
Lee Sang-wan, CEO of Samsung's LCD division, reports that by 2010, his company aims to double annual sales of LCD panels to $20 billion and to introduce larger 100-inch models by 2010.
Samsung Electronics aims to double its annual sales of liquid-crystal display (LCD) panels to $20 billion and to introduce 100-inch models by 2010, Lee Sang-wan, CEO of the LCD division, said on Wednesday.
The Korean electronics giant also expects the worldwide market for flat-panel displays to grow by 75 percent to $115 billion over next five years due to the growing demand for high-end television sets.
Lee said that this year's sales of Samsung Electronics is estimated to reach $10 billion and it will expand to $20 billion in 2010.
Lee disclosed these figures during a keynote speech at FPD International 2005, a conference for flat-panel display businesses being held in Yokohama, Japan.
Currently, a 65-inch screen from Japan's Sharp is the largest of the kind in the market, while Samsung recently developed an 82-inch panel in March.
LCDs are more adequate for screens less than 50 inches due to the higher manufacturing costs of plasma-display panel (PDP) televisions.
For PDPs, Samsung and LG Electronics both have presented 102-inch prototypes this year, and the former is selling 80-inch models at around 130 million won.
Samsung has been competing with LG.Philips LCD for dominance of the LCDs.
The company expects it will reach the 10-trillion won mark this year, as accumulated sales until the third quarter recorded 8.3 trillion won.
An LCD is a thin, flat display device made up of hundreds of thousands of color pixels arrayed in front of a light source or reflector.
It uses relatively small amounts of electric power compared to traditional displays using cathode ray tubes (CRT), and has been widely used for battery-powered electronic devices such as laptops and cell phones as well as televisions and monitors.
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