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LG Display forges strategic alliance on LED Chips with Cree
2009-01-28
LG Display (NYSE:LPL, KRX:034220), a leading innovator of thin-film transistor liquid crystal display (TFT-LCD) technology, today announced that it has formed a strategic alliance with Cree Inc., a LED (light emitting diodes) chip manufacturer in the US.
LG Display signed a supply agreement with Cree for LED chips to be used in LCD backlighting in early January. Under the agreement, LG Display secures a stable supply of LED chips, a key component in next-generation LCD products, and receives technological support from Cree for LED packaging.
LG Display also plans to secure an early lead in LED-backlight notebook PCs by internalizing LED related technologies as LED packaging and LED backlighting production. LG Display will strengthen its leading position in the global notebook LCD market.
Sang Beom Han, Executive Vice President and Head of IT Business Unit at LG Display, said, “LG Display will expand the share of panels featuring LED-backlight to 60% of its total notebook LCD output. We will provide differentiated value for our customers and consumers with premium LED-backlight panels.”
According to market research firm DisplaySearch, LG Display claimed the largest share of the worldwide notebook LCD market on shipment basis in the fourth quarter of 2008. The company also launched production of the world’s first 17.1 inch RGB LED notebook LCD with color reproduction ratio of 105% and unveiled the world’s slimmest LCD TV panel with an LED direct backlight system.
What is LED-Backlight?
Highlighted as an alternative for CCFL(cold cathode fluorescent lamp) backlight, LED is a key component for environmentally friendly, ultra slim panels offering high picture quality. Application of LED-backlight is expected to expand from notebook LCD panels to LCD TV panels in the near future.<B