Samsung Elec says it doesn't expect major TV impact from Hon Hai's Sharp deal

March 22, 2016 2:39 AM

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Samsung Elec says it doesn't expect major TV impact from Hon Hai's Sharp deal

SEOUL Samsung Electronics Co Ltd (005930.KS) does not expect major change for its television business after Hon Hai Precision Industry Co Ltd (2317.TW) completes its planned acquisition of display panel maker Sharp Corp (6753.T), a senior Samsung executive said on Tuesday.

Kim Hyun-suk, head of Samsung's TV business, told reporters during a press conference that the world's No.1 TV maker by market share is currently the biggest buyer of panels from the Sakkai plant - a joint venture between Sharp and Hon Hai.

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