U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
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
