Dell, Samsung ink huge LCD deal

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Dell, Samsung ink huge LCD deal

Samsung Electronics has signed an $8.5 billion agreement to supply liquid crystal displays to Dell Computer.

The deal calls for the South Korea-based company to provide Dell with thin-film-transitor LCD screens for the next five years. The U.S. PC maker will also purchase $200 million of convertible bonds to be issued by Samsung to help the South Korean-based company finance a next-generation TFT-LCD manufacturing plant.

Earlier this year, Intel Corp. and Apple Computer invested $100 million apiece in Samsung to ensure a steady supply of next-generation memory products and TFT-LCD screens, respectively.

Global demand for TFT-LCD panels has surged, with Samsung expecting 1999 sales to top $2.1 billion.

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