
The chief executive of LG Display Co., the world\'s second-biggest maker of liquid crystal display (LCD) panels, said Wednesday that the LCD industry-wide downturn will likely persist through the summer of next year. \"We see that (the LCD industry) will improve during the second half of next year,\" Kwon Young-soo, the company\'s chief executive officer, told reporters on the sidelines of a trade fair in north of Seoul. The Korean panel maker posted its third straight quarterly loss in the April-June period, as consumers in developed regions postponed purchasing TVs because of the uncertain economic outlook. Weak demand for TVs pummeled prices of overall LCD panels. \"There are big sporting events like the London Olympics next year and there will be more cheap TVs of great quality,\" Kwon said, explaining why he expected an industry a turnaround towards the end of 2012. Large-size LCD panels for TVs account for more than half of LG Display\'s revenues. Samsung Electronics Co., the world\'s biggest LCD supplier, combined its semiconductor and LCD businesses in a bid to accelerate a turnaround of its LCD business, while LG Display cut investments and lowered the operation level of its production lines. LG Display, a supplier of LCD panels for Apple Inc.\'s iPad, recently waged a smartphone war against hometown rival Samsung, aggressively promoting the mobile LCD screen used in the smartphones of its affiliate LG Electronics Inc., and discrediting that of rival Samsung.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor