Samsung, Sony to form partnership

Samsung, Sony to form partnership

SEOUL: South Korean microchip giant Samsung Electronics said on Monday it was in talks with Japan's Sony Corp. on business ties in flat panel operations.

"We have been in talks with Sony over ways to cooperate in LCD operations," a Samsung spokesman said.

"But details of the measures have not been decided, including whether or not to set up a joint venture," he added.

The JoongAng Ilbo newspaper in Seoul said earlier that Sony, the world's largest consumer electronics maker, would provide funds for an LCD (flat panel) joint venture with Samsung.

Samsung is one of the world's largest LCD producers. -- AFP