LG.Philips LCD to Expand Manufacturing Capacity

AMSTERDAM, The Netherlands, and KUMI, South Korea, June 26 -- LG.Philips LCD announced an investment of more than $1 billion to expand capacity and create panel supplies for the fast-growing LCD TV market and large-screen desktop monitors. The investment will be self-financing, with no additional funding required from either partner. Production will begin in the first half of 2003.

The company opened a fifth-generation thin-film transistor liquid crystal display manufacturing factory last month. The new investment will enable LG.Philips LCD to expand its manufacturing capacity. Production is expected to begin in the first half of 2003; the company expects to produce 120,000 fifth-generation sheets per month of by the end of that year.