For flat-panel televisions, the choice for years has been between plasma and LCD. This year consumers will be offered another choice, at least if they are prepared to spend big.
LG Electronics Inc says it is planning to sell a 55 inch television based on organic light--emitting diodes (OLEDs). The South Korean company is set to show off its new product at the International Consumer Electronics Show (CES) in Las Vegas, which starts on Tuesday next week.
Samsung Electronics Co, will reveal a nearly market-ready OLED television at the show, according to three people with knowledge of the matter. They spoke on condition of anonymity because Samsung has yet to make an announcement. Its Web site says that CES announcements will be made on Monday.
Tim Alessi, director of home electronics development at LG’s US arm, said its product would likely go on sale in the fourth quarter of the year. The company declined to reveal the price.
Paul Gagnon, an analyst at DisplaySearch, estimates that OLED televisions would start out above US$5,000.
The screen technology is already in use in high-end smartphones and provides deeply saturated colors and high contrast. However, it has proven difficult to make larger screens with consistent results. In late 2007, Sony Corp started selling an 11 inch OLED television for about US$2,500, but did not follow that up with a larger model.
Since then, LG and Samsung have shown prototype OLED televisions at the annual CES show, but have yet to unveil any marketing plans.
Apart from providing improved picture quality, OLED televisions can be very thin. LG’s set will be 4mm thick and weigh 7.5kg.
JPMorgan Chase & Co chief executive officer Jamie Dimon on Tuesday quipped that his company is likely to outlast the Chinese Communist Party (CCP), while reiterating the bank’s commitment to the country in wide-ranging comments that also touched on Taiwan, free speech and former US president Donald Trump. “We hope to be there [in China] for a long time,” Dimon told a panel discussion at the Boston College Chief Executives Club. Relaying a “joke” he made during a recent visit to Hong Kong, he said “The communist party is celebrating its 100th year. So is JPMorgan. And I’ll make you a
Taiwan is to start producing geothermal energy on a commercial scale for the first time in nearly 30 years tomorrow, when an Yilan County facility begins operations. The 4.2 megawatt Cingshuei Geothermal Power Plant in Datong Township (大同) — the first privately built geothermal power plant in Taiwan — was granted commercial license by the Bureau of Energy on Oct. 27, county authorities told the Central News Agency on Tuesday. Lin Kun-wei (林坤緯), a section head at the Yilan Business and Tourism Department, said that the facility would generate up to 3,150 kilowatts per hour, which could meet the demand of up
The Kaohsiung City Government yesterday said it would impose a property hoarding tax as it is seeking to contain speculation in the real-estate market, calling recent price increases “abnormal.” The announcement came in support of the Ministry of Finance’s call for local governments to levy a high tax rate on people with more than one property. Ministry officials on Tuesday discussed strategies to rein in speculation with the nation’s six special municipalities, as well as the Hsinchu city and county governments. About 84,000 out of 1.06 million housing units in Kaohsiung are not residential property, the city government said in a
BOOST EXPECTED: Higher market prices would offset effects of the industry’s transition to more climate-friendly production methods, a company official said China Steel Corp (CSC, 中鋼) expects steel demand to increase on the back of governments around the world subsidizing infrastructure construction amid a stabilizing COVID-19 pandemic, CSC chairman Wong Chao-tung (翁朝棟) told an investors’ meeting yesterday. “After getting through the hard times, I foresee at least one year, very possibly two years, of strong steel market,” Wong said. Calling a dip in steel prices a “short respite for the market,” Wong said that it would likely bounce back early next year on the back of mild winter temperatures around the world allowing construction activity. Despite COVID-19 spikes in some regions and increased
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