Samsung and LG Cooperate in TV

Samsung and LG have reached an agreement that LG is to provide TFT-LCD to Samsung to substitute the miss gap from SHARP’s withdraw. Samsung and LG are competing fiercely in TV business and have been the 1st and 2nd largest player in this market. But as Chinese competitors catching up fast, taking 5 of the top 10 TV makers in the world. The two have to cooperate to keep their positions.