LG.Philips LCD raising 32-inch panel prices
Compiled from outside sources, Taipei; Carrie Yu, DigiTimes.com [Tuesday 24 May 2005]
LG.Philips LCD (LPL) has informed clients Tatung, Proton and Kolin that it has raised prices for its 32-inch LCD TV panels by US$10 to US$590 amid strong sales of LCD TVs, according to a recent Chinese-language Economic Daily News report.
In addition, because demand for 17- and 19-inch LCD monitors has been strong since the beginning of this year, panel makers have focused on these two segments, leaving less capacity for LCD TV panel production, the paper quoted executives at the three Taiwan-based home appliance makers in saying.
Wen-Yang Ku, president of Tatung Consumer Products Co. (TCPC), a Tatung subsidiary handling local sales of Tatung’s home appliance products, said the company did not wish to comment on the report, but did state that panel supply from Chunghwa Picture Tubes (CPT) and LG.Philips LCD has barely been able to meet demand since Tatung lowered the price for its 32-inch LCD TVs from NT$69,900 (US$2,235) to NT$39,800 (US$1,272).
LG.Philips LCD, Proton and Kolin did not respond to requests for a comment.
Prices for 32-inch LCD TV panels had been expected to continue dropping through the end of this year, with Taiwan-based panel makers Chi Mei Optoelectronics (CMO) and AU Optronics (AUO) predicting the ASP for the segment will fall to US$500 by year-end.
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