Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Oil Prices Rise as U.S.-Iran Talks Keep Geopolitical Risks in Focus 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Apple Challenges India Antitrust Probe, Says CCI Copied Rivals’ Claims in App Store Case 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
US Stock Futures Steady as Investors Await Payrolls Data and Monitor Iran Tensions 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Argentina Economy Shrinks 1.5% in April, Recovery Under Milei Loses Momentum 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low 
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage 
Samsung Electronics and LG Electronics are two of the leading conglomerates in South Korea. They are usually rivals in the industry, but this time, they are reportedly eyeing a partnership deal for OLED television panels.
The two firms are said to be in talks and may possibly sign a deal before the second half of this year. If the negotiation is successful, it will be a historic deal as they have been competitors since the establishment of their respective companies.
Samsung Electronics and LG Electronics are reportedly joining forces to go against their Chinese rivals that have recently been emerging and topping the OLED TV business sector. The talks started a while ago but were put on hold. They are now back at the negotiating table and picking up where from they left off.
According to The Korea Herald, the talks originally started in 2021, but at that time, the two camps were not able to reach a deal due to some issues, including disagreements with pricing and contract period. Business observers said that with the resumption of talks, there is a higher chance for the partnership to work out this time.
“It is highly likely that Samsung Electronics and LG Display will strike a deal before the second half of this year starts,” SamMobile quoted UBI Research’s chief executive officer, Yi Choong Hoon, as saying regarding the talks between Samsung and LG. “It is also a matter of survival. China is aggressively clawing its way up in the TV and display market, and it is important for Korean companies to make demand and supply for each other to compete.”
Finally, if this rare collaboration pushes through, Samsung will be buying panels for OLED TVs from LG Electronics. This is the very first time that the former is purchasing components for its products from the LG Group.
Photo by: BoliviaInteligente/Unsplash
