March 22, 2016 / 2:43 AM / in 2 years

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

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

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

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

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