The Korea Times: Samsung Electronics, the world’s biggest supplier of liquid crystal display (LCD) panels, will slash its investment by 40 percent this year. “Samsung will maintain flexibility in investment. But one thing that is clear is there will not be a recovery in demand in the first quarter,” according to an executive, who asked not to be identified.
“The expansion of the second phase in the eighth-generation 8-2 facility will be needed as the global LCD market is expected to turn around from the latter half of this year,” he said.
LG Display, the world’s second biggest maker of LCD panels, recently said it would halve capital expenditure this year.
The plan comes after Sony and Sharp decided to postpone the establishment of a joint firm that will make large-screen LCD panels until March 2010.
LG Display CEO Kwon Young-soo said the LCD industry has hit rock bottom and TV panel prices will recover in the coming months amid increasing demand for small-sized flat-screen TVs.
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hdtv | Thursday, February 19, 2009 at 4:42
i never know LG is world’s second biggest maker.
Thanks.