Samsung and LG Electronics to develop chips for digital TV

Companies in Relationship

LG Electronics, Samsung Electronics

Deal Facts

Initial Announcement Date: 7/09

Samsung Electronics Co. and LG Electronics will work with consumer electronics maker LG Electronics for the first time to make digital TV receiver chips. The South Korean government as well as the companies will invest in the project.

The partnership will develop core digital television chips, which have been imported in the past. LG will design the chips and Samsung will manufacture and test the end product. Once the chip is commercialized, both companies anticipate import cost savings as well as export revenue.

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