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TPV, BOE announce TFT LCD screen purchase agreement

Posted: 14 Feb 2006 ?? ?Print Version ?Bookmark and Share

Keywords:TV receiver? monitor? TPV Technology? TFT LCD screen? BOE Technology?

TV receiver and monitor maker TPV Technology Ltd announced recently that it will be acquiring TFT LCD screens from mainland China-based BOE Technology Group Co. Ltd.

According to TPV, the TFT LCD screen purchase agreement will last until 2008. The total purchase is valued at $2.3 billion, with annual amount divided into $600 million this year; $700 million in 2007, and $1 billion in 2008.

BOE Technology manufactures electronic components and related materials, including semiconductor products, CRT metal products and electronic monitor products. BOE Technology has been the largest shareholder of TPV, with a 25.4 percent stake in the company. The two manufacturers have established a joint venture in 1997Beijing Orient Top Victory Electronics Co. Ltd.

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