South Korea's LG Display Co Ltd posted on Thursday a steeper-than-expected quarterly operating loss due to weak LCD panel prices, but forecast improvements in prices and shipments as the sector slowly recovers.
South Korean flat-screen maker LG Display Co Ltd , posted on Thursday a second straight quarter of losses due to weak panel prices and depressed demand for electronics.
South Korean flat screen maker LG Display and two Taiwanese rivals are expected to report another quarter in the red, but losses in January-March likely narrowed from the previous quarter, driven by booming sales in China.
Samsung Electronics and LG Display, two of South Korea's top technology companies, are bracing for a very difficult year and remain cautious on any near-term recovery in the battered sector.
Philips Electronics spin-off Plastic Logic announced that it will build its first flexible display manufacturing plant in Germany after raising $100 million in equity to finance its technology.
The market for small to medium sized displays is continuing to see falling prices, pushing some analysts to believe consolidation between manufacturers may be necessary in the future.
The mobile display industry is getting a boost from multimedia enabled cell phones, with shipments expected to grow 17 percent in 2006.