Consumers wanting to purchase liquid-crystal-display (LCD) monitors will have to dig deep into their pockets as vendors have hiked prices to cope with tight supplies.
"There is a shortage in panels, especially for the 17-inch, 19-inch and 19-inch widescreen models, which has led to a rise in panel prices," said Gatti Park, assistant general manager of LG Electronics Taiwan Taipei Co, on the sidelines of a product launch yesterday.
To reflect the costs, LG raised its monitor prices by NT$100 to NT$200, he said.
PHOTO: WANG PEI-HUA, TAIPEI TIMES
The price hike should continue into the third quarter and LG will make adjustments in accordance with feedback from the retail market, he added.
Bigger rival ViewSonic International Corp recently reflected the rising costs of panels on its monitors.
"The price increase of our monitors is around US$10, depending on screen size," said Brian Wei (韋博仁), ViewSonic's product manager for the Asia-Pacific region.
Gluts and shortages in panel supplies are common phenomena in the industry, with monitor prices mirroring those fluctuations, he said.
Market researcher International Data Corp Taiwan said a total of 496,486 LCD monitors were sold in Taiwan in the fourth quarter of last year, up 4.7 percent year-on-year.
Nineteen-inch monitors were the mainstream model, with 22-inch models gaining momentum, it said.
LG has set a target of 15,000 monitors sold in Taiwan per month, or a total of 180,000 units for the whole year, Park said.
Worldwide, LG is set to sell 16 million monitors by the end of the year, a strong 60 percent jump from last year's 10 million, he said.
To cope with the demand and capacity, LG is expected to outsource production to second supplier TPV Technology Ltd (
LG yesterday introduced five new LCD monitors, all displaying a high 3,000:1 contrast ratio for fine picture quality. Retail prices are from NT$8,990 to NT$11,900.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS