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LG Sets Up LCD Parts Supplier

The number one LCD manufacturer will now get a boost from its corporate giant’s latest venture, an LCD component supply company. LG Corp. has created a new firm called Lumsen Co., which is to supply LCD driver chips to LG Philips LCD.

The new company is set to start mass-production this year. LG Philips LCD is a 50/50 joint-venture between LG Electronics and Royal Philips Electronics.

Source: AFP Technology.