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TFT-LCD makers expect net losses of NT$10B

Posted: 28 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:tft-lcd? au optronics? chunghwa picture tubes?

Several TFT-LCD panel makers in Taiwan may have increased shipments for the fourth quarter, but decreasing panel prices are pulling revenues down, thereby allowing makers to report net losses of around NT$10 billion ($309 million at NT$32.33:$1).

TFT-LCD makers, such as AU Optronics Corp. (AUO), Chunghwa Picture Tubes Ltd (CPT) and HannStar Display Corp., have already lowered their forecasts for the year by at least 30 percent.

Demand for large-sized TFT-LCDs went up the past quarter with 13.35 million units and is also projected to push up by 19.85 percent to 16 million units by year-end. In November, total shipment for the products was 5.57 million units.

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