LG Electronics Inc. (066570.KS)
- Bloomberg
Samsung Acquires German OLED Display Startup Cynora
(Bloomberg) -- Samsung Display Co. has purchased display company Cynora GmbH for about $300 million, according to people with knowledge of the matter, gaining technology for so-called OLED screens. Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsLong, Moderate and Painful: What Next US Recession May Look LikeJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutJPMorgan’s Aronov Ignores the ‘Cash
- Reuters
Exclusive-India considers curbing fridge imports to boost local industry - sources
India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources told Reuters on Thursday, potentially freezing out shipments from Samsung Electronics Co and LG Electronics Inc in the $5 billion market. That could be followed by a ban on imports of refrigerators with refrigerant already added, to create opportunities for value-added operations in India, said one of the sources, who has direct knowledge of the government's discussions. The source said a decision could come within a month, adding: "The thrust is to support all those who are manufacturing in India rather than those bringing them into India."
- Zacks
Magna (MGA), LG Electronics Enter Into JV to Bolster EV Strength
Magna (MGA) and LG Electronics announce a JV to launch a new Powertrain facility in Mexico. This is the JV's first foothold in North America.
