Samsung LED Co. Joint Venture Established


Samsung LED Co. Samsung Electronics and Samsung Electro-Mechanics Co. established a 50:50 joint venture to form Samsung LED Co. on Thursday, April 23, 2009. The new company will be based in Suwon, about 46km south of Seoul.

Future Light Source LEDs will be the light source of choice for use in LCD backlight units. With notebook PCs and LCD TVs quickly transitioning toward LED backlights, the future is bright and companies like Samsung (as well as LG Display) are preparing for dramatic growth in the future.

US$24 Billion Market The global LED market is estimated to have been worth US$5.2 billion in 2008 and is expected to reach more than double that to $US12.7 in 2013 and on to US$24 billion in 2015.

Source: Trading Markets

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