LG.Philips LCD
Encyclopedia
LG Display is the world's largest LCD panel maker, ahead of Samsung Electronics
in a slender lead. Currently, the two South Korean companies together exceed 50% of the global LCD panel market. LG Display is headquartered in Seoul
, South Korea
.
by the Korea
n electronics
company LG Electronics
and the Dutch
company Koninklijke Philips Electronics
in 1999 to manufacture active matrix liquid crystal display
s (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.
On December 12, 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on February 29. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.
The company has eight manufacturing plants in Gumi
and Paju
, South Korea. It also has a module assembly plant in Nanjing
and Guangzhou
in China and Wroclaw in Poland.
LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange
and the South Korean Stock Exchange .
They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell
, NEC
, ASUS
, Apple (including iMac
s, iPad
s, iPhone
s, iPod touch
es) and others, which were developed by Hitachi
.
In December 2010, the EU
fined LG Display €
215 million for its part in an LCD price fixing scheme. Other companies were fined for a combined total of €
648.9 million, including Chimei Innolux
, AU Optronics
, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.
. LG Display has said it is considering appealing the fine.
Samsung Electronics
Samsung Electronics is a South Korean multinational electronics and information technology company headquartered in Samsung Town, Seoul...
in a slender lead. Currently, the two South Korean companies together exceed 50% of the global LCD panel market. LG Display is headquartered in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
.
History
LG Display was originally formed as a joint ventureJoint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
by the Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
n electronics
Electronics
Electronics is the branch of science, engineering and technology that deals with electrical circuits involving active electrical components such as vacuum tubes, transistors, diodes and integrated circuits, and associated passive interconnection technologies...
company LG Electronics
LG Electronics
LG Electronics is a global electronics and telecommunications company headquartered in Yeouido, Seoul, South Korea. The company operates its business through five divisions: mobile communications, home entertainment, home appliance, air conditioning and business solution...
and the Dutch
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
company Koninklijke Philips Electronics
Philips
Koninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
in 1999 to manufacture active matrix liquid crystal display
Liquid crystal display
A liquid crystal display is a flat panel display, electronic visual display, or video display that uses the light modulating properties of liquid crystals . LCs do not emit light directly....
s (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008.
On December 12, 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual general meeting of shareholders on February 29. The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management.
The company has eight manufacturing plants in Gumi
Gumi
Gumi is the second largest city in Gyeongsangbuk-do, South Korea. It is located on the Nakdong River, half way between Daegu and Gimcheon, also lies on the Gyeongbu Expressway and Gyeongbu Line railway which are the principal traffic routes of the country....
and Paju
Paju
Paju is a city in Gyeonggi Province, South Korea. Paju was made a city in 1997; it had previously been a county .The city is located just south of Panmunjeom on the 38th parallel. To defend the Korean capital, Seoul, many US and Korean army bases are set up in the city. In 2002, the northernmost...
, South Korea. It also has a module assembly plant in Nanjing
Nanjing
' is the capital of Jiangsu province in China and has a prominent place in Chinese history and culture, having been the capital of China on several occasions...
and Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
in China and Wroclaw in Poland.
LG Display became an independent company in July 2004 when it was concurrently listed on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and the South Korean Stock Exchange .
They are one of the main licensed manufacturers of the more color-accurate IPS panels used by Dell
Dell
Dell, Inc. is an American multinational information technology corporation based in 1 Dell Way, Round Rock, Texas, United States, that develops, sells and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest...
, NEC
NEC
, a Japanese multinational IT company, has its headquarters in Minato, Tokyo, Japan. NEC, part of the Sumitomo Group, provides information technology and network solutions to business enterprises, communications services providers and government....
, ASUS
ASUS
ASUSTeK Computer Incorporated is a multinational computer technology and consumer electronics product manufacturer headquartered in Taipei, Taiwan. Its product range includes motherboards, desktops, laptops, monitors, tablet PCs, servers and mobile phones...
, Apple (including iMac
IMac
The iMac is a range of all-in-one Macintosh desktop computers built by Apple. It has been the primary part of Apple's consumer desktop offerings since its introduction in 1998, and has evolved through five distinct forms....
s, iPad
IPad
The iPad is a line of tablet computers designed, developed and marketed by Apple Inc., primarily as a platform for audio-visual media including books, periodicals, movies, music, games, and web content. The iPad was introduced on January 27, 2010 by Apple's then-CEO Steve Jobs. Its size and...
s, iPhone
IPhone
The iPhone is a line of Internet and multimedia-enabled smartphones marketed by Apple Inc. The first iPhone was unveiled by Steve Jobs, then CEO of Apple, on January 9, 2007, and released on June 29, 2007...
s, iPod touch
IPod touch
The iPod Touch is a portable media player, personal digital assistant, handheld game console, and Wi-Fi mobile device designed and marketed by Apple Inc. The iPod Touch adds the multi-touch graphical user interface to the iPod line...
es) and others, which were developed by Hitachi
Hitachi
Hitachi is a multinational corporation specializing in high-technology.Hitachi may also refer to:*Hitachi, Ibaraki, Japan*Hitachi province, former province of Japan*Prince Hitachi and Princess Hitachi, members of the Japanese imperial family...
.
In December 2010, the EU
European Union
The European Union is an economic and political union of 27 independent member states which are located primarily in Europe. The EU traces its origins from the European Coal and Steel Community and the European Economic Community , formed by six countries in 1958...
fined LG Display €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
215 million for its part in an LCD price fixing scheme. Other companies were fined for a combined total of €
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
648.9 million, including Chimei Innolux
Chimei Innolux Corporation
Chimei Innolux Corporation is a Taiwanese TFT-LCD panel manufacturer headquartered in Jhunan, Miaoli County, Taiwan.-Overview:The company is Taiwan's largest LCD maker. It produces many products including: TFT LCD panel modules, LCD display products, computer panels, AV and mobile panels, desktop...
, AU Optronics
AU Optronics
AU Optronics was formed in December 2001 by the merger of Acer Display Technology, Inc., and Unipac Optoelectronics Corporation. In October 2006, AUO merged with Quanta Display Inc. to create a leading TFT-LCD manufacturer. Additionally, the amassed production of the company's G6 reached worldwide...
, Chunghwa Picture Tubes Ltd., and HannStar Display Corp.
HannStar Display Corporation
HannStar Display Corporation is a Taiwan-based technology company, primarily involved in the research and production of monitors, notebook displays, and televisions.-Overview:...
. LG Display has said it is considering appealing the fine.