Two big brands in the LCD market have gained approved from Chinese authorities to build its advanced LCD panel plants there. Definitely, it would be cheaper for these brands to build its advanced LCD panel plants in China as compared to elsewhere the cost would be cheaper to manage. These include labor cost and most importantly, parts cost.
LG Display and Samsung are the world’s biggest manufacturers for flat panels for televisions. Upon receiving approval from the Chinese government body, these brands are going to be the first foreign groups that will build advanced LCD panel plants there.
For China, Samsung and LG will definitely boost its economy. This will also be an easier way for China to create replicas of these LCD panels. But nevertheless, LG will be spending about $4 billion there while Samsung is set to spend $2.3 billion. Speaking of China, it is the largest market for LCD TVs.
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