LG Electronics Inc said the company aims to increase shipments of liquid-crystal-display (LCD) TVs by about 47 percent next year, driven by demand from emerging markets.
LG expects to sell 25 million LCD TVs next year, compared with about 17 million sets this year, Simon Kang, the head of LG’s home-entertainment division, said in Seoul before the IFA consumer electronics show in Berlin.
Shipments of LG’s plasma TVs will probably rise 33 percent to 4 million, Kang said.
LG follows industry leader Samsung Electronics Co in aiming to exceed the industry’s shipment growth next year.
Global LCD TV sales will rise 17 percent to 149 million sets next year, Texas-based research firm DisplaySearch said in a June 17 report. Samsung said on Friday that its shipment growth will be higher than that of the market for the period.
“Developing markets will probably have a growth rate of more than double-digits while developed countries will grow” by between 2 percent and 3 percent next year, Kang said. “There was a lot of concern at the end of last year, but things have been better than expected and we think this trend may continue.”
DisplaySearch in June raised its LCD TV industry sales forecast for this year to US$76 billion from US$66 billion and boosted the full-year LCD TV shipment estimate, citing demand from China and as more consumers replace their bulkier glass-tube sets.
LG overtook Sony Corp as the second-biggest LCD TV maker in the second quarter, helped by increased shipments to emerging markets, California-based researcher iSuppli Corp said on Thursday. Sony fell to the fourth behind Sharp Corp during the period, iSuppli said.
LG reiterated its plans to sell about 400,000 LCD TVs using light-emitting diodes (LEDs), as screen backlights instead of conventional fluorescent lights this year.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales