China squeeze lifts Samsung, LG Display

Samsung Display and LG Display are set to post resilient first-quarter earnings despite the seasonal slowdown, as the global memory chip shortage expected to pressure panel makers instead weakened their Chinese rivals, brokerage estimates show. Samsung Display, the unlisted display arm of Samsung Electronics, is projected to report operating profit of up to 500 billion won ($340 million) for the January-March period, holding steady year-on-year despite earlier concerns that memory cost pressures

By The Korea Herald