Prices of LCD panels used in TVs are expected to fall by 1 to 2 percent in the first half of this month, as Chinese TV brands are cautious about inventory buildup for the Lunar New Year holiday, NPD DisplaySearch said yesterday.
“Panel makers still feel pressure to push out panels by lowering prices, but the price erosion will be modest in the first half of December,” the researcher said.
The decline is smaller than that in the second half of last month. The prices of mainstream 40-inch and 42-inch panels are expected to drop by 1 percent to US$145 per unit in the first two weeks of this month. They declined 2 percent in the second half of last month.
Despite falling prices, NPD DisplaySearch said it did not see clear signs that panel makers would reduce utilization rate.
The nation’s two biggest LCD panel makers, Innolux Corp (群創光電) and AU Optronics Corp (友達光電), said they would flexibly adjust the equipment loading rate to cope with market demand in this quarter’s traditionally low season.
LCD panel makers have mixed market outlook for next quarter. Some flat panel makers are conservative, while others expect supply constraint to be repeated next quarter because of long lead-time for new models, NPD DisplaySearch said.
The latest pricing information from WitsView, a TrendForce Corp (集邦科技) LCD research team, showed that TV panel prices would drop 0.2 percent to 1.4 percent in the first half of this month from two weeks ago, with the average price for 40-inch and 42-inch panels unchanged at US$142 per unit.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion