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The panel has a full high-definition 1080p resolution and a conical viewing angle of 180° as well as a video signal frequency of 120Hz, double the norm for HD LCD panels, providing a response time of less than 8ms.

Other vital statistics include a brightness of 600cd/m², a 2000:1 contrast ratio and

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support for 1.07 billion colours.

'Our new 70in LCD is not only significantly larger, but also sets a new benchmark of excellence in terms of video image reproduction, viewing angle and image quality,' said Kim Sang-Soo, executive VP of Samsung Electronics. 'We've designed it to dramatically enhance the large screen LCD TV user's viewing experience.'

Samsung will begin producing the panels during the first half of 2007, which it says will put it in a position to compete head-to-head with plasma display and projection TV makers.

Global sales of LCD TVs jumped 135 per cent in the April-June quarter to 9.4 million units, 22 per cent of the world's TV market, according to research firm DisplaySearch. Philips remains the market leader in terms of units sold, with Samsung ousting Sharp to take second place, but Sony takes the lion's share of revenues, ahead of Samsung and then Philips.