LG Philips has signed an agreement with HP to provide notebook PC and monitor LCD panels over the next three years.
Under the terms of the "large long-term agreement" the South Korean TFT-LCD manufacturer will become HP's primary supplier of LCDs for notebook PCs and monitors from June 2005 to May 2008.
The deal marks a "substantial increase" over its existing HP supply agreement, according to LG Philips.
LG Philips claims to have recently regained its number one position in the large monitor and TV LCD market, and expects to gain market share in the notebook LCD market through its deal with HP.
HP vice president Kirk Moul said that the agreement with LG Philips is key to the firm's continuing growth in the notebook and display market.
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