LG.Philips to Spend $5.1 Billion on New Flat-Panel TV Factory
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The LG.Philips LCD Company plans to spend a record 5.3 trillion won, or $5.1 billion, to build the world's largest plant for flat-panel sets.
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LG.Philips LCD Co., the world&#39;s second-largest maker of liquid-crystal displays, posted its first profit decline in five quarters after a glut of screens drove prices lower, a survey of analysts showed.
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The HDTV technology company is moving a key part of its future in house.
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Royal Philips Electronics NV said Friday it will bid around $5.1 billion for Murrysville, Pa.-based Respironics Inc., a maker of medical devices that assist or monitor breathing.
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Dutch electronics giant Philips Electronics NV is on an investment binge in the Philippines with its plan to infuse an additional $330 million to expand its production activity in the country.
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By JORDAN ROBERTSON SAN JOSE, Calif. - Intel Corp. plans to spend between $1 billion and $1.5 billion to overhaul its semiconductor production facility in New Mexico to manufacture computer chips with next-generation technology.
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Showcased at the Mobile Displays Conference this week in San Diego, LG.Philips LCD's screens for mobile devices are designed to be compact and efficient.
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Philips Electronics (NYSE: PHG) is covering all the bases in optical storage technology with a PC drive that that reads and writes CD, DVD and next-generation Blu-ray high-definition television disks.
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AMSTERDAM (AFX) - Royal Philips Electronics NV said it has agreed to combine its PC monitor and flat TV businesses with Hong Kong-listed TPV Technology Ltd, forming the world&#39;s largest manufacturer of PC monitors.
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Flat-screen maker LG.Philips LCD Co. Ltd.  (034220.KS) reported a record quarterly loss on Tuesday, hit by  crumbling panel prices, and forecast a meaningful recovery only  in the fourth quarter.
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Sharp Corp., the world's biggest supplier of LCD TVs, said Wednesday it plans to invest 150 billion yen (&#36;1.45 billion) to build a second plant in Japan to make the glass used in flat-screen TV panels to counter fierce competition from Asian rivals.
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AMSTERDAM  - The Dutch electronics group Philips said that it is selling its low-brand flat screens business group to TPV Technology of Taiwan as part of a strategic change of direction, and in line with a trend by big groups to use Asian partners to
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Company plans to supply a "unique series of models" of LCD TVs to big box retailers for availability in the next 60 days.
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LG.Philips LCD is planning to unveil a 52-inch multi-touch LCD (liquid crystal display) at next week's Consumer Electronics Show, it said Monday. The screen is 5-inches larger than one it recently showed in Japan and is the largest display of its type in the world, the company said.
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Philips says it will unveil a 52-inch multi-touch LCD at next week's Consumer Electronics Show.
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Flat screen maker LG.Philips LCD Co Ltd  reported its highest ever quarterly profit on Monday, rebounding from a year-ago loss, and predicted 2008 profitability would improve from 2007.
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Philips plans to buy U.S. home  medical equipment maker Respironics Inc for $5.1 billion, its  largest deal to date in an aggressive expansion in the  fast-growing healthcare sector.