Samsung Elec says it doesn’t expect major TV impact from Hon Hai’s Sharp deal

Thomson ReutersEmployees walk in the main office building of Samsung Electronics in Seoul

SEOUL (Reuters) – Samsung Electronics Co Ltd does not expect major change for its television business after Hon Hai Precision Industry Co Ltd 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,” Kim said.

(Reporting by Se Young Lee; Editing by Richard Pullin)

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