Samsung Electronics says it doesn't expect major TV impact from Hon Hai's Sharp deal

[SEOUL] Samsung Electronics Co does not expect major change for its television business after Hon Hai Precision Industry Co completes its planned acquisition of display panel maker Sharp Corp, a senior Samsung executive said on Tuesday.

Kim Hyun Suk, head of Samsung's TV business, told reporters during a press conference that the world's No.1 TV maker by market share is currently the biggest buyer of panels from the Sakkai plant - a joint venture between Sharp and Hon Hai. "Of course it's hard to predict what might happen in the future ... but I don't expect any material changes in our business," Mr Kim said.

REUTERS