Samsung Electronics will purchase LCD panels from LG Group, which is the first partnership between the two companies since long-term competition. According to people familiar with the matter, LG monitors will soon provide Samsung with 40 inches and larger panels. Guangzhou Chuangliyou Machinery Equipment Co., Ltd. specializes in the production of various LCD screen maintenance equipment, pulse screen press!

It is expected to provide 700,000 LCD TV panels by the end of the year. Samsung is said to be willing to further expand its purchases. Samsung produced 47.4 million flat-panel televisions in 2016, accounting for the largest share of the world. In large LCD panels, Samsung ranks second, slightly behind LG. The two competitors had barely traded in electronics before. Guangzhou Chuangliyou Machinery Equipment Co., Ltd. specializes in the production of various LCD screen maintenance equipment, pulse screen press!

At the end of last year, Sakai Display Products, a Osaka regional company co-operated by Sharp and Hon Hai Precision Industries Group, decided to stop supplying LCD panels to Samsung. Apparently the supply chain was out of stock, which prompted Samsung to approach LG. At the same time, Samsung and LG may expand their cooperation to cover high-performance products such as lithium-ion batteries.