LG Cuts Back LCD Production As TV Market Cools

X

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.

20080728104512ecca3 200x150 LG Cuts Back LCD Production As TV Market Cools
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.

ARL0447 Arlo Cash Back Promo Nov 21 Web Banner 728x90px 300dpi V3 AU scaled LG Cuts Back LCD Production As TV Market Cools
728x90 MOTOROLA EDGE 20 LG Cuts Back LCD Production As TV Market Cools
BFCM BANNERADS 728x90 LG Cuts Back LCD Production As TV Market Cools
CUST CRICKET FY22 Sport Cricket Q2 V1 728x90 LG Cuts Back LCD Production As TV Market Cools
2375 Flare 4SQM Digital Banner Ads LB 728x90 scaled LG Cuts Back LCD Production As TV Market Cools
Leaderboard 728x90 LG Cuts Back LCD Production As TV Market Cools
3047 Audio 4Square LG ToneFree FP9 728x90 LG Cuts Back LCD Production As TV Market Cools
Belkin Better Together 728x90 1 LG Cuts Back LCD Production As TV Market Cools
593756 au cs co re fy22q4w4 sit aw ark m15 r6 leaderboard 728x90 iif R1 LG Cuts Back LCD Production As TV Market Cools
ALOGIC 728x90 1 LG Cuts Back LCD Production As TV Market Cools


YOU MAY ALSO LIKE