LG.Philips Displays was a joint venture created in 2001 by LG Electronics of South Korea and Philips Electronics of the Netherlands in response to the maturing cathode-ray tube (CRT) market.
[9][10] It primarily manufactured CRTs used in traditional television sets.
As of 2006, the company had run into bankruptcy and restarted under the same name with investments of a third party (JP Morgan).
LP is a historic reference to the old parent companies LG and Philips.
The company ended operations in December 2008 due to voluntary liquidation.