Samsung, NEC Tie For 3G Mobile Phone Equipment

date: 18th December 2000, source: Newsbytes

Japanese and Korean electronics giants NEC Corp. [NASDAQ:NIPNY] and Samsung will next month begin working together producing mobile displays that will be featured in next-generation mobile phone and Internet terminals.

Samsung NEC Mobile Display Co. Ltd will be based in Japan and develop and sell displays based on organic electroluminescent (organic EL) technology.

Organic EL is said by the companies to produce high resolution pictures on a par with CRT displays, but with a slimmer and lighter display for mobile handsets and terminals. They are betting that between 30 and 40 percent of all 3G handsets sold in 2005 will contain such displays.

The joint venture company will start operations in January with 9.4 billion yen (US$), with Samsung SDI holding a 51 percent stake to NEC's 49 percent.

Samsung NEC Mobile Display has targeted production of 700,000 full color organic EL displays per month at a Pusan plant next year, rising to 1.5 million units per month by 2003.

More information about Samsung SDI Co. Ltd may be found on the Web, at http://samsungsdi.com , while NEC is at http://www.nec-global.com.

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