LG and Samsung in Full Retreat Before Chinese Flat-panel Onslaught (Nikkei Asian Review)
South Korea’s display panel makers are in trouble. LG Display, the world’s top manufacturer of liquid crystal display panels, posted a record loss for the fiscal year ended last December, while Samsung Electronics plans to pull out of the large LCD panel business entirely.
“The game’s over. We are no match for the Chinese in LCDs,” said an official at a flat-panel parts maker in South Korea upon hearing the news of Samsung’s pullout in late March, voicing a widely held view among local suppliers and analysts.
To survive, both LG Display and Samsung are banking on more advanced technologies, such as organic light-emitting diode panels. But Chinese manufacturers are catching up. South Korean makers, which previously overtook their Japanese rivals with ambitious investments, are now at risk. READ MORE (CACHED ARTICLE)
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