Samsung Electronics Co, the world's largest maker of liquid-crystal displays (LCDs), said sales from the business will increase 40 percent next year as demand surges for flat-screen televisions and computer monitors. \nSamsung's LCD sales will rise to US$7 billion, from US$5 billion this year, executive vice president Kim Sang Soo told reporters at a briefing in Seoul. \nPrices won't fall next year because demand will outstrip the industry's production capacity, Kim said. \nThe forecast may ease concerns that a surge in production of flat panels by Samsung and rivals such as LG Philips LCD Co and Taiwan's AU Optronics (友達光電) Corp could cause prices to decline. \nScreen-makers have increased spending on plants as they vie for leadership of a LCD TV market that's forecast to grow to US$19.7 billion by 2007, according to researcher DisplaySearch. \n"Given the strong LCD prices, I don't think Samsung's sales forecast is out of the question," said Jay Kim, an analyst at Hyundai Securities, who has a `buy' rating on Samsung shares. "Supply will be tight at least until the first quarter." \nThe company has said it can't meet all the orders it's receiving for LCD screens, which are rapidly replacing bulky glass-tube based monitors and TVs on desktops and in living rooms. \nSamsung said it aims to raise its share of the global LCD market to 25 percent next year from about 22 percent this year as a new plant become fully operational. \nThe so-called fifth-generation factory uses bigger glass sheets from which to cut screens, helping to reduce production costs. \n"With the growth in production, I think we can achieve that target," said Cho Yeong Duk, vice president at Samsung's strategic planning team. \nThe global market for large-sized LCD screens, measuring at least 40 inches diagonally, will grow to 120.5 million units next year from 92.2 million this year, Samsung said in a statement. \nThe company said today it developed panels for televisions with 57-inch screens, which it claims are the world's largest. \n"I'm confident that flat panels with screen size of 40 inches and more will be the main product in this industry in the near future," Kim told reporters. \nSamsung, LG.Philips, and rival flat-panel producers are boosting investments to build larger-sized panels, betting demand for bigger flat TVs will increase.
HONG KONG SECURITY: The president blasted regulations requiring Taiwanese agents or political organizations to provide information on their Hong Kong-related activities President Tsai Ing-wen (蔡英文) yesterday warned of countermeasures should controversial Chinese national security legislation imposed on Hong Kong undermine or harm Taiwanese interests. Article 43 of the legislation empowers the Hong Kong Special Administrative Region to serve written notices to Taiwanese political organizations or individual agents to furnish information on their Hong Kong-related activities, including their personal particulars, finances, assets, expenditure and capital in the territory. Failure to comply or providing false or incomplete information can result in a fine of HK$100,000 (US$12,903) or imprisonment of six months or two years respectively. Tsai said that Taiwan would keep a close watch on how
JUST QUESTIONS: Expelled reporter Ai Kezhu said that every member of Southeast Television had complied with the law and had not appeared on any talk shows Two Chinese reporters yesterday left Taiwan after the government revoked their accreditation and ordered them to leave amid a probe into allegations that several Chinese media outlets have set up studios and produced political talk shows in Taiwan. The two reporters — Ai Kezhu (艾珂竹) and Lu Qiang (盧薔) — worked for Fujian Province-based Southeast Television and arrived in Taiwan in December last year. The Mainland Affairs Council has launched an investigation after local media reported that Chinese broadcasters — including China Central Television, Southeast Television and FJTV — had set up studios in Taipei and produced political talk shows. Council Deputy Minister
PROBE LAUNCHED: An officer who served as a supervisor in the drill died in an apparent suicide after the accident, which was caused by unexpected waves Two marines who were on Friday injured in a military exercise in the waters off Kaohsiung passed away yesterday, Navy Command said. The marines — surnamed Tsai (蔡), 26, and a sergeant surnamed Chen (陳), 36 — were in a seven-member Marine Corps team that encountered rough seas during a simulated response to enemy forces landing on Taiwan. Their rubber craft overturned in waters off Taoziyuan (桃子園) beach in Zuoying District (左營), injuring four of the marines. They were rushed to hospital, where three of them — Tsai, Chen and a 34-year-old sergeant — were taken to an intensive care unit
‘SIGNAL TO ALLIES’: The US Navy’s exercises are not in response to those carried out by China, the commander of the strike group led by the USS ‘Ronald Reagan’ said Two US aircraft carriers were yesterday conducting exercises in the disputed South China Sea, the US Navy said as China also carried out military drills that have been criticized by the US Department of Defense and neighboring states. China and the US have accused each other of stoking tension in the waterway at a time of strained relations over everything from COVID-19 to trade to Hong Kong. The USS Nimitz and USS Ronald Reagan were carrying out operations and exercises in the South China Sea “to support a free and open Indo-Pacific,” the navy said in a statement. It did not say exactly