RT-Sony working with Samsung and Display manufacturing facility to be built by Samsung that will cover 498 ACRES.
The world is going flat and flat speakers will be in vogue.
Take back your living room, family room floor space, buy flat!!
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SEOUL, Korea--(BUSINESS WIRE)--Oct. 30, 2003--Samsung Electronics
Co., Ltd., the world's largest provider of TFT-LCD display panels,
today announced the groundbreaking of its new TFT-LCD production
complex at Tangjeong, in ChungCheongNam-Do, Korea. This site is the
world's largest TFT-LCD production facility and will cover over two
million square meters (some 498 acres) when fully completed. The
world's first 7th generation TFT LCD line, the first of four lines
planned for this complex, will begin mass production in 2005.
More than 1,000 people attended the groundbreaking ceremony,
including Samsung Electronics Vice Chairman Yun Jong-yong, Samsung
Electronics President Lee Yoon-woo, and Korean government dignitaries.
According to Vice Chairman Yun Jong-yong, "The Tangjeong operation
will feature the world's first 7th generation production lines with
substrates measuring 1,870mm by 2,200mm -- over two square meters. The
facility at Tangjeong will make ChungCheongNam-Do home to the world's
largest production complex for next-generation displays, giving PC
monitor and TV OEMs access to a ready supply of flat panels."
Samsung envisions the formation of a world-class "liquid crystal
valley" in this region, which will play a key role in sustaining the
company's leadership in the panel display industry. Over the next
decade, Samsung will invest 20 trillion Korean Won to build four
production lines and expects to generate up to 20,000 new jobs. Upon
completion in 2010, annual output will exceed 10 trillion Korean Won
and a compound revenue of 48 trillion Korean Won will be achieved.
Samsung Electronics has remained the world's largest TFT-LCD maker
since 1998. When the Tangjeong complex ramps mass production in 2005,
company officials expect to manufacture 40 percent of the world market
for LCDs used in televisions.
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