Samsung Electronics Co, the world's largest television maker, said sales of flat-panel TVs would increase more than 40 percent to 21 million sets this year on increased demand for bigger screens and better picture quality.
Shipments of liquid-crystal-display (LCD) TVs will increase to 18 million this year and plasma models will rise to 3 million, Samsung said in a statement yesterday, citing Park Jong-woo, head of the company's digital media business.
Samsung sold 13 million LCD TVs last year, the Suwon, South Korea-based firm said, without providing figures for plasma TV sales.
Samsung follows LG Electronics Inc, the world's third-largest TV maker in boosting targets for flat-panel TV shipments for this year as the two manufacturers focus on producing sets measuring at least 40 inches diagonally with full high-definition screens.
LG Electronics on Monday forecast its flat-panel TV sales would almost double this year to 17 million sets with shipments of LCD TVs increasing to 14 million and plasma TV sets rising to 3 million.
Samsung projects global LCD TV sales to rise 30 percent this year, less than the 58 percent growth last year, it said in the statement yesterday.
The company also predicts that total global flat-panel TV shipments would reach 108 million units this year.
Global LCD TV shipments will rise 33 percent to 94.7 million this year, while plasma TVs will increase 26 percent to 13.1 million, according to JPMorgan Chase & Co estimates.
Flat-screen models measuring 40 inches to 47 inches accounted for almost a third of global TV revenue in the third quarter, Austin, Texas-based researcher DisplaySearch forecast.
WHAT WAS ALL THAT FOR? Jaw Shaw-kong said that Cheng Li-wen had pushed for more drastic cuts and attacked him, just for the outcome to be nearly identical to his bill The legislature yesterday passed a supplementary budget bill to fund the purchase of separate packages of US military equipment, with the combined amount of spending capped at NT$780 billion (US$24.8 billion). The Chinese Nationalist Party (KMT) and Taiwan People’s Party (TPP) used their legislative majority to pass the bill, which runs until 2033 and has two main funding provisions. One was for NT$300 billion of arms sales already approved by the US for Taiwan on Dec. 17 last year, the other was for NT$480 billion for another arms package expected to be announced by Washington. The bill, which fell short of the NT$1.25
Taiwanese shares yesterday posted a record daily gain of more than 1,700 points to close above 40,000 points for the first time, led by large-cap semiconductor stocks such as Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and MediaTek Inc (聯發科) amid optimism about the artificial intelligence (AI) boom. The TAIEX ended up 1,778.51 points, or 4.57 percent, at 40,705.14 after moving between 39,228.39 and 40,755.52, while the New Taiwan dollar closed up NT$0.038 at NT$31.610 per US dollar, ending three consecutive sessions of declines. Turnover on the main board totaled NT$1.007 trillion (US$31.9 billion), with foreign institutional investors buying a net NT$66.98 billion
A former television news host and six military personnel — active and retired — have been indicted on espionage charges, Kaohsiung prosecutors said yesterday. Lin Chen-you (林宸佑), a former CTi News host and YouTuber, last year allegedly made videos at the direction of a Chinese agent criticizing the Democratic Progressive Party’s recall campaign, the Ciaotou District Prosecutors’ Office told a news conference in Kaohsiung. He allegedly received 4,325 tether coins for the videos from an unidentified person surnamed Huang (黃), believed to be an agent of a hostile foreign power, they said. Lin, also known as Ma Te (馬德), has a show named
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