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. Last Updated: 07/27/2016

Dell Makes $8.5Bln Thin-Screen Deal

SEOUL, South Korea -- Samsung Electronics Co. has announced an $8.5 billion deal to supply liquid crystal displays to Dell Computer Corp. that would provide the financing needed to build a next-generation LCD plant.

"The deal with Dell Computer means that Samsung has acquired the necessary funding to build the fourth-generation TFT-LCD plant and to continue its research to improve the technology," the company said in a statement Tuesday.

Samsung Electronics said it would sign the deal with Dell on Friday to provide the U.S.-based computer manufacturer with thin-film-transistor-LCD screens for the next five years.

The deal marks the third time this year the South Korean company has successfully attracted capital from a foreign company through convertible bonds.

Intel Corp. invested $100 million in Samsung in February as part of its strategy to acquire a steady supply of next-generation memory products.

Apple invested $100 million in July to ensure a supply of TFT-LCD screens for its new notebook computers.