Panel makers hit by tepid TV demand
The nation’s major panel suppliers, AUO Optronics Corp (友達光電) and Innolux Corp (群創), reported that revenue last month tumbled 30 percent and 42.6 percent year-on-year respectively, as sagging TV demand drove panel prices down to historic lows. AUO said that revenue last month plunged to NT$21.97 billion (US$744 million) from NT$32.12 billion a year earlier, but increased 8.6 percent from NT$20.22 billion in April. Overall, shipments rose 11.3 percent to 1.75 million square meters, AUO said in a statement. Innolux said that revenue last month plummeted to NT$18 billion from NT$31....
Source: taipeitimes.com