Chi Mei Optoelectronics Corp (CMO, 奇美電子), the country’s second-largest supplier of liquid-crystal-display (LCD) panels, could extend a production cut plan into next month as dwindling demand drives prices down further.
The Tainan-based company told investors in July it would lower equipment loading by 20 percent last month and by another 15 percent this month as customers pile up excessive inventory after demand dipped unexpectedly, leading to a drastic decline in prices.
“The likelihood of resuming full loading of equipment is slim,” CMO spokesman Denis Chen (陳世賢) said by telephone.
The remarks came after LG Display Co Ltd trimmed its third-quarter outlook yesterday on weaker-than-expected demand. The price of LCD panels has dropped faster than expected because of the sluggish global economy, LG Display said.
Shipments by area could increase about 15 percent this quarter from the second quarter, rather than in the low twenties as estimated early July, a company statement said.
The average selling price per square meter could decline by a high teen percentage quarter-on-quarter, compared with a drop in the low teens as previously forecast, the South Korean company said.
Early this month, LG Display, the world’s second-largest LCD maker, said it would extend a reduction in flat-panel production, citing uncertain recovery in demand.
As TV and PC makers continue to digest inventory, the price for computer panels could drop by 5 percent to 8 percent this month from the previous month, Taipei-based market researcher WitsView said yesterday.
JITTERS: Nexperia has a 20 percent market share for chips powering simpler features such as window controls, and changing supply chains could take years European carmakers are looking into ways to scratch components made with parts from China, spooked by deepening geopolitical spats playing out through chipmaker Nexperia BV and Beijing’s export controls on rare earths. To protect operations from trade ructions, several automakers are pushing major suppliers to find permanent alternatives to Chinese semiconductors, people familiar with the matter said. The industry is considering broader changes to its supply chain to adapt to shifting geopolitics, Europe’s main suppliers lobby CLEPA head Matthias Zink said. “We had some indications already — questions like: ‘How can you supply me without this dependency on China?’” Zink, who also
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) received about NT$147 billion (US$4.71 billion) in subsidies from the US, Japanese, German and Chinese governments over the past two years for its global expansion. Financial data compiled by the world’s largest contract chipmaker showed the company secured NT$4.77 billion in subsidies from the governments in the third quarter, bringing the total for the first three quarters of the year to about NT$71.9 billion. Along with the NT$75.16 billion in financial aid TSMC received last year, the chipmaker obtained NT$147 billion in subsidies in almost two years, the data showed. The subsidies received by its subsidiaries —
At least US$50 million for the freedom of an Emirati sheikh: That is the king’s ransom paid two weeks ago to militants linked to al-Qaeda who are pushing to topple the Malian government and impose Islamic law. Alongside a crippling fuel blockade, the Group for the Support of Islam and Muslims (JNIM) has made kidnapping wealthy foreigners for a ransom a pillar of its strategy of “economic jihad.” Its goal: Oust the junta, which has struggled to contain Mali’s decade-long insurgency since taking power following back-to-back coups in 2020 and 2021, by scaring away investors and paralyzing the west African country’s economy.
RE100 INITIATIVE: Exporters need sufficient supplies of renewable energy to meet their global commitments and remain competitive, the economics ministry said Local export-oriented manufacturers, including Taiwan Semiconductor Manufacturing Co (台積電), require sufficient supplies of green energy to maintain their competitiveness and regulations already ensure that renewable energy development adheres to environmental protection principles, the Ministry of Economic Affairs said yesterday, as the legislature imposed further restrictions on solar panel installations. The opposition-led Legislative Yuan yesterday passed third readings to proposed amendments to three acts — the Environmental Impact Assessment Act (環境影響評估法), the Act for the Development of Tourism (發展觀光條例) and the Geology Act (地質法) — which would largely prohibit the construction of solar panels in some areas. The amendments stipulate that ground-mounted solar
RSS