LG Display, the world's second- largest maker of liquid-crystal displays, says it plans to reduce its LCD output by about 10 per cent from full capacity by the end of August because of ``uncertainty'' in the market, according to a report in bloomberg.
Click to enlarge
And LG is not the only one feeling the pinch as AU Optronics, the world's third-largest LCD maker, said it will also shut some production lines because of lower-than-expected demand for displays, which was shown by its 17 per cent drop in sales in the June quarter.
Over the past 12 months, LG Display shares have fallen some 37 per cent as fears of falling prices, a weak global economy and panel oversupply make investors more jittery than usual.
ChannelNews is the only trade site to reach AV, CE and IT professionals. Over 150,000 page impressions and 17,000 emails a month. Contact us today to get your brand in front of this lucrative audience. (02) 9919 6600
LATEST ISSUE
Kitchen Appliances Ever wondered how to future-proof your kitchen's technology? This is the issue that shows you how, plus the latest in home cinema projectors, mobile phones and much more.
