Good News for LG, an AMAT Top customer.
Stan
01/09 22:33
LG Electronics Wins Order to Send 500,000 Cell Phones to China
By Yoolim Lee and Ian King
quote.bloomberg.com
Seoul, Jan. 10 (Bloomberg) -- LG Electronics Inc., Korea's second-largest electronics maker, said it won an order to export 500,000 mobile phones to China based on technology allowing faster data transmission and Internet usage.
The order from several companies in China LG Electronics declined to name, gives the Korean company a foothold in the world's largest mobile-phone market by subscribers. LG Electronics said it is the first Korean company to export the General Packet Radio Service, or GPRS, handsets to China.
LG Electronics is keen to expand into the market for phones based on Global System for Mobile Communications technology. GSM phones predominate in Europe, Southeast Asia and China.
``We're aiming to establish a concrete base in the GSM market in China and Europe this year,'' Seo Gi Hong, LG Electronics' vice president for overseas mobile phone business, said in a statement. ``We hope to become a major supplier in China's mobile-phone market by having a production base there.''
The company has concentrated on making phones using U.S.- based Qualcomm Inc.'s code-division multiple access, or CDMA, technology. CDMA is widely used in Korea and parts of the U.S.
To increase sales, LG expanded its range to include phones using GSM technology.
About 10 percent of China's 1.3 billion people subscribe to mobile-phone services, making China one of the most attractive markets for LG, the company said. |
