LG.Philips Displays

From Wikipedia, the free encyclopedia
Jump to: navigation, search
LG.Philips Displays
Joint Venture
Industry Consumer electronics
Fate Bankruptcy
Founded 2001; 16 years ago (2001)
Defunct 2007; 10 years ago (2007)
Headquarters Hong Kong[1]
Area served
Worldwide
Key people
Mr. Jeong IL Son(CEO), Mr. Paul Verhagen(CFO), Mr. Wiebo Jan Vaartjes(CSO), Mr. Soo Dyeog Han(COO)[2][3]
Products Cathode Ray Tubes(CRTs), Deflection Yokes and related materials
Revenue Decrease US$2 Billion (2005)[4]
Decrease US$618 million (2005)[5]
Owner LG Electronics, Philips
Number of employees
17,000 (2006)[6]
Website LG.Philips Displays
LP Displays
Industry Consumer electronics
Founded 2007; 10 years ago (2007)
Headquarters Hong Kong[7]
Area served
Worldwide
Key people
Mr. Jeong IL Son(CEO), Mr. Deok Sik Moon(CFO), Mr. JM Park(CSO), Mr. Soo Dyeog Han(COO)[8]
Products Cathode Ray Tubes(CRTs), Deflection Yokes and related materials
Website LP Displays

LG.Philips Displays was a joint venture created in 2001 by LG Electronics of South Korea and Philips Electronics of the Netherlands. It primarily manufactured CRTs used in traditional television sets.

These two companies also operated another joint venture, LG.Philips LCD, which focuses on LCD panels used in flat panel television sets and laptop computers.

As of 2006, the company had run into bankruptcy and restarted under the same name with investments of a third party (JP Morgan). LG.Philips LCD was not affected by this bankruptcy.


LG.Philips Displays shares were sold in the beginning of March 2007. The company name has been changed to LP Displays from 1 April 2007. LP is a historic reference to the old parent companies LG and Philips.

References[edit]