Samsung, Sony to expand LCD production

In April the two companies said they will have the output of 50,000 panels a month at its new plant that will start production in late 2007. Samsung and Sony are reportedly going to spend $3.1billion on the expansion of its jointly owned plant in Tangjeong, South Korea. "Up to this point, nothing's been confirmed," Lee-Eun-hee, a Samsung spokeswoman, said Wednesday when asked about the Chousn Ilbo report. "We're still in discussions."