Wednesday, August 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Trendforce Confirms New iPhone Launch This Fall, Including a Budget Version
NVIDIA Unveils Turing Architecture, Quadro RTX Ray-Tracing GPU
AMD Says New 2nd Generation, 32-core AMD Ryzen Threadripper Processors Break Boundaries of High-End Desktop Market
HyperX Announces the HyperX Gaming microSD Cards
Fraunhofer Scientists Find Dangerous Security Holes in Tracker Apps
Samsung Announces New SmartThings Mesh Wi-Fi System
Google Tracks Your Movements No Matter What
iPhone 9 Will Feature Apple's New LCD Display Bezel Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Apple S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, July 25, 2018
Apple Supplier LG Display Slashes Investment Plans, Reports Losses


LG Display Co Ltd said Wednesday it posted a net loss in the second quarter of 2018 amid falling global prices for panels and intensifying competition.

The company also slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market.

The cut underscores the bleak outlook for electronics makers and comes a week after another Apple supplier, Taiwan Semiconductor Manufacturing Co Ltd (TSMC), also scaled back its revenue and investment estimates.

The investment cut would not impact plans to "speed up the shift" from LG's mainstay liquid crystal display (LCD) business toward next-generation organic light-emitting diode (OLED) panels, the company said.

Plans to invest about 20 trillion won in OLED panels by 2020 remained unchanged, meaning the cuts would apply mainly to LCD operations.

The company said its investment made on the 10.5-generation production line in Paju, north of Seoul, will be allocated for the OLED business.

LG Display posted an operating loss of 228 billion won ($202.1 million), hit by declining panel prices. Revenue for the April-June quarter fell 15 percent from a year earlier to 5.6 trillion won.

The company said TV panels accounted for 42 percent of its sales, followed by mobile panels with 22 percent. Laptop and table PC panels took up 19 percent, trailed by monitor panels at 17 percent.

China recently approved an LG joint venture to run a new OLED factory there, as the company tries to expand its OLED business towards Chinese TV makers.

Along with the 8.5-generation OLED production line in China, the company vowed to accelerate its penetration into the market for large-sized OLED panels.



Previous
Next
Facebook Launches Watch Party Around the World        All News        Apple Fixes MacBook Pro Speed Issue
Facebook Launches Watch Party Around the World     General Computing News      DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects

Get RSS feed Easy Print E-Mail this Message

Related News
LG Display Posts First-quarter Loss on Low LCD Prices
LG Display's OLED Smartphone Screens Still Not Ready For Apple
LG Display Brings Crystal Sound OLED tech to Lighting
LG Display Is Setting Up First Production Lines for 10th Generation OLEDs
LG Display Reports Stellar Q4 Earnings And Profit
LG Display To Supply OLED Panels To Sony
LG Display To Develop Foldable OLEDs For Apple, Google
Samsung May Outsource LCD Panels From Rival LG
After Samsung, LG Is Also Developing Foldable Displays And Smartphones
LG Display Showcases Latest Technologies at CES 2015
UHDTVs Boost LG Display Profit
LG Display to Invest 700 bln Won On OLED Production

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .