Samsung Elec says it doesn't expect major TV impact from Hon Hai's Sharp deal

Mon Mar 21, 2016 10:39pm EDT
 
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SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote) does not expect major change for its television business after Hon Hai Precision Industry Co Ltd (2317.TW: Quote) completes its planned acquisition of display panel maker Sharp Corp (6753.T: Quote), a senior Samsung executive said on Tuesday.

Kim Hyun-suk, head of Samsung's TV business, told reporters during a press conference that the world's No.1 TV maker by market share is currently the biggest buyer of panels from the Sakkai plant - a joint venture between Sharp and Hon Hai.

"Of course it's hard to predict what might happen in the future ... but I don't expect any material changes in our business," Kim said.

(Reporting by Se Young Lee; Editing by Richard Pullin)

 
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, January 6, 2016. REUTERS/Kim Hong-Ji